Can I index link rents into my tenancy agreements?

Can I index link rents into my tenancy agreements?

8:34 AM, 16th May 2022, About 3 years ago 72

Text Size

Hi all, I have just been talking to a fellow landlord and in the discussion, the question and idea came up can we index link the rent into an AST contract?

The next question is if this indexing clause was possible in the contract would you still have to serve a rent increase notice to the tenant and what would be the best option to link it to eg. Retail Price Index (RPI) or Consumer Price Index (CPI) or any other?

I would appreciate any comments or alternative ideas.

Many thanks

Chris


Share This Article


Comments

Daisy Willson

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

12:06 PM, 10th June 2022, About 3 years ago

Reply to the comment left by at 16/05/2022 - 09:38
Let me know more

CMS

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

3:42 AM, 13th June 2022, About 3 years ago

Reply to the comment left by DSR at 25/05/2022 - 08:31
As the ONS have done the hard work for you I don't see why you shouldn't/wouldn't take advantage of it. It's giving you the information as to what has happened in the area to rents during the period of the tenancy so I cannot see how it would differ that much from having a full 'open market rent review'. The only factor that it probably doesn't take into account is if a type of property is more popular.

1 2 3 4 5 6 7 8

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More