Hi there,
Became an accidental landlord a number of years ago. Had a good relationship with tenants, pretty informal and both parties happy. Rent was kept low throughout.
Tenant served notice of vacation and are now seeking a substantial amount of money as the last rent review was done via text, which I understand now was not the correct procedure however I was not aware that area had become a rpz. I understand I have responsibilities as a landlord but the rent was near 50% below market value and the tenants were never exploited , the opposite in fact. I have been losing money on the property for some time now and would have sold the house a few years ago but the tenants would have been at risk of homelessness. This action on their part has come as a quite a shock, as they have been paying very low rent all along and were very happy through out the tenancy.
They have lodged a dispute with rtb for invalid notice of rent review. Will the rtb be by the book on this or will they see this situation for what it is - any advice would be appreciated. Also, is there somewhere landlords can get advice on situations like this? All the advice seems to be for tenants.
Became an accidental landlord a number of years ago. Had a good relationship with tenants, pretty informal and both parties happy. Rent was kept low throughout.
Tenant served notice of vacation and are now seeking a substantial amount of money as the last rent review was done via text, which I understand now was not the correct procedure however I was not aware that area had become a rpz. I understand I have responsibilities as a landlord but the rent was near 50% below market value and the tenants were never exploited , the opposite in fact. I have been losing money on the property for some time now and would have sold the house a few years ago but the tenants would have been at risk of homelessness. This action on their part has come as a quite a shock, as they have been paying very low rent all along and were very happy through out the tenancy.
They have lodged a dispute with rtb for invalid notice of rent review. Will the rtb be by the book on this or will they see this situation for what it is - any advice would be appreciated. Also, is there somewhere landlords can get advice on situations like this? All the advice seems to be for tenants.