What is a reasonable rent increase UK 2022?
1. Main points. Private rental prices paid by tenants in the UK rose by 2.7% in the 12 months to April 2022, up from 2.4% in the 12 months to March 2022. Private rental prices grew by 2.5% in England, 1.7% in Wales, and 2.9% in Scotland in the 12 months to April 2022.
Changes to your rent
This year, the rules say rents can be increased by last September's Consumer Price Index (CPI), plus an extra 1%. The CPI is a common measure of inflation and in September 2021 was 3.1%. This means that most rents will increase by 4.1% from April 2022.
For example, if rent for a one bedroom flats in the area is around £600 per month, a landlord cannot expect £900 a month for a same-sized property in the same area. With rents rising in line with inflation, the average UK rent increased by 9.5% between June 2021 and June 2022, according to HomeLet Rental Index.
If it does become necessary to increase the rent of a long standing tenant it is important that the increase is reasonable and by no more than 5% ideally.
For a periodic tenancy (rolling on a week-by-week or month-by-month basis) your landlord cannot normally increase the rent more than once a year without your agreement.
Your landlord can increase your rent by any amount if you live with them. If you think your rent increase is too high check the price of properties in your area so you know how much your rent should be on average.
A shortage of housing supply will push up rents up by an average of 13.7% over the next five years, according to Savills.
Private rental prices paid by tenants in the UK rose by 2.0% in the 12 months to January 2022, up from 1.8% in the 12 months to December 2021. Private rental prices grew by 2.0% in England, 1.4% in Wales and 2.6% in Scotland in the 12 months to January 2022.
Landlords may decide to increase their rental prices in order to match market rates, to pay for property maintenance or improvements, to accommodate tax increases, or simply to increase their profits.
What is a Section 13 notice? A Section 13 notice is a formal notice, filled out by the landlord, informing tenants of a rent increase. Section 13 of the Housing Act 1988 allows landlords to increase rent prices for periodic assured or assured shorthold tenancies.
What is a Section 13 rent increase?
What is a Section 13 notice? A Section 13 notice is a formal notice, filled out by the landlord, informing tenants of a rent increase. Section 13 of the Housing Act 1988 allows landlords to increase rent prices for periodic assured or assured shorthold tenancies.
“But it's going to get worse as energy bills climb further and more people face a devastating choice between paying rent, heating their home, and putting food on the table.” Experts predict rents will continue to rise in 2022, albeit at a slower pace as the cost of living crisis continues to hit household incomes.
Private rental prices paid by tenants in the UK rose by 2.0% in the 12 months to January 2022, up from 1.8% in the 12 months to December 2021. Private rental prices grew by 2.0% in England, 1.4% in Wales and 2.6% in Scotland in the 12 months to January 2022.
RPI is a measure of inflation that changes month-to-month depending on the current price of goods and services - a form of indexation. For example, if there is a 2% rise in prices, then the rent should increase by 2% regardless of the property's current rental value.
