GreensboroNorth Carolina(NC) Farran, Jeffrey P. personal infomation and areas of practice

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Greensboro North Carolina lawyer Farran, Jeffrey P.

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lawyer Farran, Jeffrey P. Reviews

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Some private tenants live in their homes for years without the rent being increased. However your rent can be increased at any time if you agree to it. Even if you don't agree to it, most tenants will find it difficult to argue against rent increases. Some tenants, such as those with regulated (protected) and assured tenancies, will have more rights, however.. . If you don't agree to a rent increase, your landlord may only be able to increase the rent at certain times. There may be a limit on how often your landlord can increase the rent. Your landlord may also have to follow a specific procedure for the increase to be legal. The rules depend on the type of tenancy you have.. . If your tenancy is for a fixed period of time (known as 'fixed term'), such as six months or a year, your landlord cannot increase the rent until the fixed term ends. The only exceptions to this are if you agree to the increase (using a special form if you are a regulated tenant) or there is a clause in your agreement saying that the rent will be increased.. . How much can it be increased by?. There is a limit to the amount that some rents can be increased by. This depends on the type of tenancy you have. Most private tenants have assured shorthold tenancies, but check here if you are unsure. Sometimes tenancy agreements contain information about rent increases, itemising when the rent will be increased and by how much.. . Assured shorthold tenants. If you are an assured shorthold tenant your landlord will be charging you a 'market rent'. Market rents are affected by the availability and cost of other similar accommodation in the area, but, in reality, if your landlord wants to increase your rent, you don't have very much power to stop them.. . If you think your rent increase is too high, as an assured shorthold tenant you have the right to apply to the Rent Assessment Committee (RAC) during the fixed term of your tenancy. However, since assured shorthold tenants don't have very strong rights, your landlord may prefer to evict you rather than reduce the amount of rent they want to charge.. . It may be worth negotiating with your landlord to try to agree a lower rent increase in return for not having to re-let the property. Alternatively, your landlord may agree to increase the rent in stages over a period of time.. . If the rent increase is too high and you cannot get your landlord to agree to a cheaper rent, you may have to look for alternative accommodation.. . Assured tenants. Assured tenants pay 'market rents'. Market rents are affected by the availability and cost of other similar accommodation in the area. Assured tenancies provide a high level of security and your landlord has to follow certain procedures for increasing your rent (see the next section).. . Regulated (or protected) tenants. If your tenancy started before 15 January 1989 you may have a 'regulated' or 'protected' tenancy. Regulated or protected tenants have a high level of security and are entitled to 'fair rents'. A fair rent is an amount of rent that a rent officer or Rent Assessment Committee sets as the maximum that your landlord can charge.. . Fair rents can normally be increased once every two years. They can usually only be increased by a certain amount that is calculated using a formula. If your landlord has made substantial improvements to your home, the rent increase may be higher.

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