The main thing to remember is that if you pay more than your current rent then you will be seen to of accepted a higher rent.
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Alternatively from the landlords perspective he/she has no relationship or background concerning your tenure and he should reserve the right to vet and qualify his own tenancy given that it is his property. He could have issued notice or insisted that notice was given under Section 8 prior to purchasing the property unless he had the chance to agree the terms of the new AST as you were in periodic anyway. That way if you couldnât come to an agreement over rental terms you go your separate ways. I have always invested in my properties (refurb) on change of tenancy and so prefer a short void period between tenancies anyhow and during which time I conduct viewings and interview potential tenants. Market rate is also not a deciding factor as it depends on the aesthetics, standard of decor and the fabric of the property and any upgrades not captured between properties and what tenants are prepared to pay for the differences between properties on similar listings. Good luck at the tribunal as the landlord may come equally well prepared with justifiable personal arguments for remaining in the PRS related to mortgage commitments (unique to individual Landlords curcumstances), legislation changes related to electrical wiring checks (recently introduced), gas safety and insurances not withstanding inherited repair issues. Landlords are already at a tipping point, so trust me you would rather pay rent at that level than find a 30-40% deposit and fund a mortgage with all of the above.
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I have to say 450 for 3 beds is very cheap. Rents that price disappeared years ago. Unless its a hovel I would say you have had it good for sone time. I would think about what you do bext if I was you. Whatthey are asking is not
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Depends on location. Weâre in a 3 bedroom for 550 with a front and back garden in a nice part of the town. We saw lower rents for properties with less.
Certainly not in London, of course!
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Itâs not corrupt. Itâs all down to the evidence. Figures cannot be just made up. If housing at the same size, bedrooms, and often spec is being advertised at or around what you currently pay, then you shouldnât really have anything to worry about. Landlords cannot ask over the odds. Also, only look at your postcode and up to 2-3miles around the maximum, I would say. Anything more than that, rates are likely to be different.
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On the contrary, I would argue that although we are governed under the tories, it seems that landlords are less and less protected and tenants are increasingly more protected. Iâm not saying the former or latter is any more favourable than the other, but its unarguably unfair at the moment. Everyone is in some doubt with their finances at the moment, but the government is doing everything to protect tenants from being evicted and not paying their rent and the landlord are left with no support. Many landlords have their own mortgages on their properties to pay and require that rent to make those payments. Landlords are truly struggling, with 800,000 landlords suffering from rent arrears at the moment. I wouldnât really call that a benefit from a capitalist system.
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I agree. I usually ask for more rent in areas where my property is close to a station and the simply fact that mine are modern and have a better standard of spec. Some may be cheaper but havenât had carpet changed in 15 years and with mouldy cabinets. Thereâs always the wider picture to be observed.
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Then landlords need to become more organized together. The reason tenants have sway is due to the number of organizations dedicated to supporting them. So do small businesses. I havenât seen many such organizations for landlords.
The mortgages argument is also quite tricky as mortgage payments is a reinvestment. Youâre asking the government to pay off your principal. Other businesses are not asking the government to essentially put money in their pocket in the same way. Covering rent payments on your business and employee payments isnât the same as paying off an investment.
And frankly if you were better at budgeting then it would be much easier to weather this. If the objection is that youâre having to drain your savings account- well join the club! Why do you think the tenants are in arrears? They donât have any savings left!
I agree that some sort of organisation is needed. I havenât heard of anything like that either.
Yes, mortgage payments are a reinvestment but that investment is worth nothing if you cannot afford to actually make the payments required.
I budget very well and I donât draw from savings. Yes, Iâm sure many tenants have had to eat into their savings, and equally, some have probably just stopped paying regardless of their savings. I sympathise with tenants and landlords.
Unfortunately, I have heard of some tenants taking this opportunity not to pay and thinking that itâs a free ride without fully understanding what that means.
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We have the NRLA but recently they are now more concerned with making money from services they promote rather than helping landlords in other ways
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If you havenât had to draw from savings then stop your belly aching. Youâve got plenty of money to pay your mortgage, stop bawling that the government wonât pad your portfolio.
Every investment is a risk.
I never once complained about myself. I was speaking in general about any landlord.
Iâm not relying on any support from the government, nor have I ever. I was merely stating that there is none for those that may need it, same as a tenant.
My initial comment was in regard to a comment a tenant left anyway, so Iâm unsure why you now made me your issue. @David122 is right. Stop moderating peopleâs posts, especially if youâre not in a position to.
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Thatâs true. Iâm finding less and less available information to read. Back to the solicitors we go 
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Also, youâre making an assumption that one might have âplenty of moneyâ and a mortgage.
Neither is really your concern, especially since I didnât ask you any questions about any situation I might be in. Like everyone in this thread, it was in regard to the tenantâs original post.
In future, mind your own business, not everyone elsesâ.
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Mind your agents own business first if youâre going to whine that the government isnât padding landlordsâ investment portfolios.
2 bedrooms and they are tiny.
Iâve never seen a landlord lose out in the long run. They always get their money.
then you dont know many landlords
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They are board members of big businesses so I can believe they have properties for rent in a hidden portfolio somewhere. These people never have to worry about putting food on their tables. For less work than a guy who earns ÂŁ16,000 a year for digging a road.
I certainly dont feel like paying ÂŁ600 a month to live in an area where scousers smoke drugs openly in my street!