How Does Landlord Tenant Law Define Raise In Rental Amount?
Tenants and landlords should be aware about the procedure for raising rental amount. The Landlord Tenant Law defines procedure for raising the tenant rent amount. According to the law, any lease that lasts for less than 7 years is termed as an Assured Shorthold Tenancy. In this form of tenancy, the tenant has the right to enjoy a fixed rent amount for a period of time, during the initial phase of the tenancy period. During this time, the landlord cannot raise rent. After this period, the landlord can raise the rental amount. Information related to an increase in rent is usually laid out in the rental agreement. However, in the event that the rental agreement has no mention on how the rent increases or varies, or in the tenant does not accept a rent variation, the landlord can adopt the procedure laid out on Housing Act 1988. The Housing Act 1988 states that when the time has come for a raise in rental amount, a Section 13 notice can be issued by the landlord to the tenant. This notice
