Landlord Forced to Cut Rent by £210 After Demanding £17 Increase

Comments

• Armand1@lemmy.world ⁨5⁩ ⁨days⁩ ago

  A corporate landlord’s attempt to raise rent by £17.92 a month has backfired spectacularly after a tribunal forced the firm to instead charge its tenant £210 less.

  London-based buy-to-rent firm Get Living was ordered to cut the monthly charge from £2,560 to £2,350 in August after tenant Davide Martinelli took his case to a first-tier tribunal.

  Martinelli’s contract had a “rent review clause” under which rent could be increased with inflation, but such clauses were abolished under the Renters’ Rights Act, the tribunal noted. It then went further and ruled that the amount he was already being charged was above market rates.

  It is the eighth time a landlord has been made to reduce rent after trying to increase it since the act came into force in May. On average, tribunals have ordered a reduction of £58 a month, according to industry advisory firm LonRes.

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• mannycalavera@feddit.uk ⁨5⁩ ⁨days⁩ ago

  But £2,500 a month! Rent!

  Fuck me.

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  • Egonallanon@feddit.uk ⁨5⁩ ⁨days⁩ ago

    Welcome to London. Please enjoy your £8 pint while you overcome your rent shock.

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  • SpaghettiMaster@feddit.uk ⁨5⁩ ⁨days⁩ ago

    That is almost 3x my mortgage on the south coast.

    London may have more jobs but I don’t know if they will pay 3x as much.

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    • then_three_more@lemmy.world ⁨5⁩ ⁨days⁩ ago

      10% London weighting is best I can do you

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• Paddzr@lemmy.world ⁨4⁩ ⁨days⁩ ago

  Is this something anyone can use? If I’m renting through agency, what are my options?

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• Mordred@hexbear.net ⁨5⁩ ⁨days⁩ ago

  It’s a start.

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