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!