Rent reviews are a mechanism for adjusting a tenant’s rent to the current market level. Landlords and tenants negotiate rent reviews and very often require the services of a specialist surveyor.
R K Lucas & Son has specialists able to assist clients in such rental assessments which on occasion may be subject to statutory legislation requiring applications to the Rent Officer, or submission to the Residential Property Tribunal Service by the Landlord or tenant.
Fair rents are a form of rent control applicable for most private sector rented accommodation with a residential Landlord and on properties which was let before the 15th of January 1989. The Rent Act 1977 provides the rules for setting fair rents and the Rent Acts Order 1999 limits the amount of rent that can be charged by linking increases to the Retail Prices Index.
Should you require any information relating to these matters please contact us.