Hi,
Can't find an answer on this, maybe somebody here can help.
Scenario:
I've a house rented out
I let each room separately as the various tenants move out
4 bedrooms
4 Individual tenancy agreements and all reg'd with RTB - blah de blah....
One of the tenants (been there 3 years) is moving out shortly. I've never bothered with rent reviews etc as they are good tenants.
However, the rent is very low so what happens with setting the new rent vs 4% cap rules?
4% of what, the room rate? The total house rate?
The RTB site is useless for info.
Any experience with this welcomed.
Thanks!
Can't find an answer on this, maybe somebody here can help.
Scenario:
I've a house rented out
I let each room separately as the various tenants move out
4 bedrooms
4 Individual tenancy agreements and all reg'd with RTB - blah de blah....
One of the tenants (been there 3 years) is moving out shortly. I've never bothered with rent reviews etc as they are good tenants.
However, the rent is very low so what happens with setting the new rent vs 4% cap rules?
4% of what, the room rate? The total house rate?
The RTB site is useless for info.
Any experience with this welcomed.
Thanks!