Please note that the information below is general guidance based on OpenRent's contract which is available through our Rent Now service. This article is not designed to replace legal advice and we always recommend that you seek independent legal counsel where appropriate.
There are three main ways in which landlords can propose a rent increase during a tenancy
To agree a rent increase by mutual agreement you just need to contact the tenant(s) and discuss the proposed increase. Once you have reach an agreement with all parties you should ask everyone to sign a written record of:
- The new rental amount
- The date from which the new rent is payable
Rent Review Clause
A Rent Review Clause is a clause which is included in the contract at the start of the fixed term. The clause should clearly state:
- When the rent will be reviewed
- How the increase will be calculated
- Whether or not the new rent will be open to negotiation
Before using a Rent Review Clause it’s important to double check that your contract contains one.
Note: As standard, OpenRent’s Rent Now contract doesn’t include a rent review clause (because different landlords have different approaches). But Rent Now landlords always have the option of adding a review clause to the contract, if they wish.
Serving a Section 13 Notice
Section 13 notices can be used to increase the rent in a periodic tenancy. However, it can only be used once every 12 months.
In order to serve a Section 13 notice you need to make sure that you give at least one month’s notice and the increase should come into effect at the start of a rental period (the date at which rent is due each month).
Information on this site is by way of general guidance only and may not apply in your particular circumstances. You should not act or refrain from acting upon information on this site without seeking independent legal advice.