Cost of living crisis: what are your rights if your landlord wants to increase your rent? - FORECLOSURE FRAUD

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Cost of living crisis: what are your rights if your landlord wants to increase your rent?

Cost of living crisis: what are your rights if your landlord wants to increase your rent?

A lack of affordable housing and growing demand for rental properties have sent the rental market into a state of crisis, and young people are particularly affected. New data suggests that nearly four in ten renters under the age of 30 pay more than 30% of their income on rent, and some are turning to house sharing.

According to Rightmove, asking rents on property listings outside London are up 12% on the previous year, and growing at the fastest rate in 16 years. And the Office for National Statistics reports that for the year to August 2022, rents increased by 3.2% across the UK.

If you rent, you may be worried about what you can do if your landlord wants to increase the rent. There are some circumstances where a landlord can increase rents, but only by following the rules and sticking to the tenancy agreement. Tenancy law is complex, and your rights depend on the type of contract you have and where you are.

To continue reading the rest of the article, please click on the source link below:

https://theconversation.com/cost-of-living-crisis-what-are-your-rights-if-your-landlord-wants-to-increase-your-rent-189089

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