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Description
Our bestselling Notice to Increase Rent Pack includes:
✓ A contractual notice of rent increase template (see image below)
✓ Section 13 Notice of Rent Increase (statutory notice)
✓ An Addendum Agreement, which you can use to increase your rent without issuing a new AST.
✓ A new Assured Shorthold Tenancy Agreement, with special guidance notes to ensure you comply with all the relevant laws, especially if you create a new initial fixed term.
This Notice of Change of Rent allows the Landlord to inform their Tenants of an upcoming change in rent.
Through this document, the Landlord can set out when the change of rent will take effect, specify the new rent amount, and outline any other related details.
The Landlord should send a copy of this Notice by post to all affected Tenants to ensure the change of rent is documented properly and cannot be disputed in the future.
The Landlord should adhere to the following when using this Notice of Change of Rent.
• Ensure that a written Tenancy Agreement is in place.
• Complete the Notice of Change of Rent with the necessary information, making sure to specify the current rent amount, the new rent amount, and the frequency and date of payment.
• Give the Tenant(s) the required notice period before implementing the change of rent, depending on the frequency of rent payments.
• The Landlord must provide at least 1 month's notice for weekly or monthly rent payments and at least 6 months' notice for annual rent payments.
• The Tenant(s) must be informed if the Landlord is amending or varying the tenancy agreement to reflect the rent change, or if the Landlord is attaching the Notice to the existing tenancy agreement.
• Send a copy of the Notice of Change of Rent to all affected Tenants and keep a copy of the document for the Landlord’s records.
• Ensure that the rent change is lawful and does not breach any terms of the Tenancy Agreement or relevant law.
It is important for Landlords to ensure that they are adhering to the laws and regulations when changing the rent of their tenants, as failure to do so can lead to substantial penalties or disputes. By using this Notice of Change of Rent, Landlords can successfully inform their Tenants of an upcoming change in rent and ensure that it is documented properly.
If you just want the prescribed form without any of the essential rent increase notice forms and guidance you can get it here