Rental advise needed

Whatever is in the contract stays. Landlord can't do anything. Approach the Rental Tribunal if any issues.

I would however start looking for another place. Landlord is dumb to give up a good tenant because an Estate Agent probably gave some snake oil advise. From here on it is just downhill. Landlord will also stop maintaining property and think of any excuse not to take blame for wear and tear and lack of maintenance.

Contract. Contract. Contract.

Our contract explicitly states, year increase to be negotiated and at no more than 10%.

However, they can't really increase our rent by much as the place needs lots of maintenance and we are flippen awesome tenants.
 
RedViking said:
Whatever is in the contract stays. Landlord can't do anything. Approach the Rental Tribunal if any issues.

I would however start looking for another place. Landlord is dumb to give up a good tenant because an Estate Agent probably have some sneak oil advise. From here on it is just downhill. Landlord will also stop maintaining property and think of any excuse not to take blame for wear and tear and lack of maintenance.

Contract. Contract. Contract.

Our contract explicitly states, year increase to be negotiated and at no more than 10%.

However, they can't really increase our rent by much as the place needs lots of maintenance and we are flippen awesome tenants.
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The contract is expiring... Do you even read?
 
Speedster said:
The contract is expiring... Do you even read?
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Contract doesn't just "expire". The lease expires. The contract will have a clause what happens when the lease expires. Usually states month to month. The contract still stands.

Do you understand that?

Anyways, when in doubt. Approach the Rental Tribunal. They will help sort it out.
 
RedViking said:
Contract doesn't just "expire". The lease expires. The contract will have a clause what happens when the lease expires. Usually states month to month. The contract still stands.

Do you understand that?
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And what, pray tell, is the difference between the contract and the lease?
 
RedViking said:
What about OP post the contract here se we can see the clauses. Obviously omit any personal information
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While the specifics of this particular contract will be helpful, I'll let chatgpt help you with the fundamentals.

Q: Is there a difference between as lease and a contract

A: Yes, there is a difference between a lease and a contract, although a lease is a type of contract.

1. **Contract**: A contract is a broad term that refers to a legally binding agreement between two or more parties. It can cover a wide range of agreements, such as service agreements, sales contracts, employment contracts, etc.

2. **Lease**: A lease is a specific type of contract that pertains to the rental of property. It outlines the terms and conditions under which one party (the lessee) agrees to rent property from another party (the lessor). A lease typically covers details such as the rental amount, duration of the lease, responsibilities of both parties, and conditions for terminating the lease.

In summary, while all leases are contracts, not all contracts are leases.
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That's what the landlord wrote
"Any new lease agreement will need to be brought in line with current rentals in the area.
In addition, there will need to be a deposit 'top up' to keep the amount held as a deposit at a value of 2 months rental."

So means next to an 26.4% rental increase they want in the new lease also a top of the deposit.
Whereby the current contract states that it would be just a 10% increase if contract gets renewed.

And the landlord is asking for my decision by tomorrow.

That's the actual term in the current contract!
IMG_20240627_194030_586.jpg
 
WebDesignCompany said:
That's what the landlord wrote
"Any new lease agreement will need to be brought in line with current rentals in the area.
In addition, there will need to be a deposit 'top up' to keep the amount held as a deposit at a value of 2 months rental."

So means next to an 26.4% rental increase they want in the new lease also a top of the deposit.
Whereby the current contract states that it would be just a 10% increase if contract gets renewed.

That's the actual term in the current contract!
View attachment 1732193
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That's the point, he's choosing to terminate the current agreement and commence a new one. You could try negotiating with him, ask about the 10% agreement etc etc, but if he is adamant on the higher amount you can't force him to stick to the 10%.
 
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WebDesignCompany said:
That's what the landlord wrote
"Any new lease agreement will need to be brought in line with current rentals in the area.
In addition, there will need to be a deposit 'top up' to keep the amount held as a deposit at a value of 2 months rental."

So means next to an 26.4% rental increase they want in the new lease also a top of the deposit.
Whereby the current contract states that it would be just a 10% increase if contract gets renewed.

And the landlord is asking for my decision by tomorrow.

That's the actual term in the current contract!
View attachment 1732193
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Yes! Stick to contact! Even if there is a termination it has to be to contract. Valid reason needs to be given. Also check the rental laws.
 
If no notice is given by either party, then a fix term contract will continue with its existing terms on a month-to-month basis.

In this case if the parties cannot agree on an extension or renewal of the lease, the landlord is within his or her right not to renew the lease and to inform the tenant of such.
 
Whether the landlord is right or wrong I'd still make plans to move. If you avoid the 26.4% increase now, he'll hit you with it later.
 
I think the best option is to say "ok I will move out, thank you for a lovely 4 years"
Then go find another property in the neighbourhood, and please for the love of God cross out the (the rent will increase by 10% per year!) that is madness on another level. Where do agents or landlords come up with 10% <-- just because it looks nice? get effed.. you could write inflation +1 or +2 etc, or by mutual agreement etc.

learn from this, you will save money in the long run. That landlord will now lose at least 2-3 months rental income which negates all his increase for the next 2-3 years at least! <-- hopefully he learns from this as well
 
Wrath of Khan said:
I think the best option is to say "ok I will move out, thank you for a lovely 4 years"
Then go find another property in the neighbourhood, and please for the love of God cross out the (the rent will increase by 10% per year!) that is madness on another level. Where do agents or landlords come up with 10% <-- just because it looks nice? get effed.. you could write inflation +1 or +2 etc, or by mutual agreement etc.

learn from this, you will save money in the long run. That landlord will now lose at least 2-3 months rental income which negates all his increase for the next 2-3 years at least! <-- hopefully he learns from this as well
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I hear where you are coming from but I think OP is "pushing back" cause he has a pretty sweet deal already
 
Shortsighted from the landlord (assuming you've been paying your rent and didn't destroy the place)

Just 1 month standing empty, or even worse a non paying or destructive tenant, and that 26% is for naught.

I'd move on if I was you, he/she wants you out.

I had a similar scenario many years ago when I rented. Suddenly rent went up by something like 30%. I just moved out and then bought my first place. Landlord's nephew then moved in (Which in retrospect was his plan all along)
 
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