Worth offering landlord more?

suicide_circus

Ok so obviously my landlord can't increase my rent this year so I'm very worried that I'll be hit with a crippling increase in 2017. Would it be worth my while offering him a slight increase this year in order for him to continue to get a reasonable market rate on the understanding that he won't apply a massive increase next year in order to recoup his lost increase this year?
Thanks

SB_Part2

Hmmm, in theory it sounds good but what happens if he increases it massively anyway?

Pawwed Rig

I would say nothing. Many landlords are happy not to increase rents for good tenants. Why put ideas in minds?

It would also be legally dubious if he accepted a mid term rent increase.

suicide_circus

Yeah, I have a pretty good relationship with him, no problems in years, gentleman's agreement i suppose?

Penn

suicide_circus wrote: »

Ok so obviously my landlord can't increase my rent this year so I'm very worried that I'll be hit with a crippling increase in 2017. Would it be worth my while offering him a slight increase this year in order for him to continue to get a reasonable market rate on the understanding that he won't apply a massive increase next year in order to recoup his lost increase this year?
Thanks

Why not just put the extra that you'd pay him this year aside and if he does apply a massive increase next year, you have money saved to help cover it?

suicide_circus

Pawwed Rig wrote: »

I would say nothing. Many landlords are happy not to increase rents for good tenants. Why put ideas in minds?

It would also be legally dubious if he accepted a mid term rent increase.

The lease is just up

suicide_circus

Penn wrote: »

Why not just put the extra that you'd pay him this year aside and if he does apply a massive increase next year, you have money saved to help cover it?

I've no idea what the increase will be next year though, I'm worried that it could be anything. Also I'm not very good with money

Ms Doubtfire1

would keep an eye on the rents in your area and save up accordingly.LL cannot increase to more than the currently valid market rent, must provide 3 examples for that.Save up, and if he doesn't increase...happy days.:-).Don't throw your money away.

chillin117

Penn wrote: »

Why not just put the extra that you'd pay him this year aside and if he does apply a massive increase next year, you have money saved to help cover it?

If he doesn't, spons for a holiday etc

Sad Professor

Without index-linked rent increases, the 2 year rent review has done more harm than good. A lot of tenants will get caught out. At least you are thinking about it. As others have said, start saving. Maybe open a regular savings account with a standing order.

SarahS2013

suicide_circus wrote: »

The lease is just up

Depending on your length of tenancy you're probably ina Part 4 tenancy anyway so lease ending might not matter.

size5

suicide_circus wrote: »

Yeah, I have a pretty good relationship with him, no problems in years, gentleman's agreement i suppose?

Look if you are a good tenant, have a good relationship with the landlord he probably has the rent below the market value. Have exceptional tenants myself rent below the market value and when it comes to rent increase(2017) ill reassess but ill still reward them for being good tenants.

Don't forget in order to put increase through he has to justify it by giving you examples of three similar properties in the area.