My partner and I took out a joint rental tenancy on our first home together with our three young teenagers.
The house we found was on the letting market for £2850.00 per month and after our first offer of £2500.00 was refused we agreed to a rental fee of £2600.00 per month. We agreed a years tenacy with a 6 month clause and was of the understanding from the property’s management team that the owner was looking for a long let. This suited us perfectly as we where looking for 18 months to 2 years in the property.
We moved in November 2016 and this week the propertys management contacted us to discuss our furture plans and also to let us know the landlord wished to increase the rent to £3300.00 per month and to lock us into a 2 year agreement.
Obviously an increase of £700.00 per month is excessive and I wanted to know if anyone can shed any light on where we stand. It appears to me that this was the landlords intention all along and at no point was there ever any hint of such a hike or a discussion that this is the planned outlook from the landlord. We are 3 months into the tenancy and my concern is for the welfare of my son who is about to sit his mocks and the stress this would cause him.
We where expecting a rent increase say after a year but 3 months into an agreement seems rather heavy handed and I wanted to ask what rights do we have, if any.
Would I be able to seek compensation from the landlord for the upheaval and stress to my family because of the request for such an increase in rent as this is not something that we can afford if he decides to end our tenancy.
Any advice would be greatly appreicated.