Tenancy Agreement Help

[mancitymick]

Can you not buy for cheaper?

you can but i need to cough up 20% deposit. maybe in a few years..

Is the rental market good where you are? I am sure if you negotiate he would rather not have the increase rather than having a property empty and lose say 800 a month in rent?

 

[Captain Oats]

Can you not buy for cheaper?

you can but i need to cough up 20% deposit. maybe in a few years..

Is the rental market good where you are? I am sure if you negotiate he would rather not have the increase rather than having a property empty and lose say 800 a month in rent?

I think the rental market is quite decent in manchester what with the BBC and other business's moving up here.

 

[BlueHammer85]

Im going down the renting road from next month

 

[mackenzie]

Just after a bit of advice, just about to rent a property to live in and I have this in my tenancy agreement. Its a 3 year contract with the option to move out at anytime with 3 months notice.

This bit i dont like is this:


c) The rent shall increase on an annual basis by RPI plus 2% (subject to a maximum of 6%). This is subject to negotiation
by both parties to this Agreement.

Thats a big increase on say £800 a month rent! Is this normal because ive been renting since I was 20 years old and i'm now 27 and never had an anuual increase especially in the current economic climate.

If you don't mind me asking, which area is it in?

 

[Captain Oats]

Just after a bit of advice, just about to rent a property to live in and I have this in my tenancy agreement. Its a 3 year contract with the option to move out at anytime with 3 months notice.

This bit i dont like is this:


c) The rent shall increase on an annual basis by RPI plus 2% (subject to a maximum of 6%). This is subject to negotiation
by both parties to this Agreement.

Thats a big increase on say £800 a month rent! Is this normal because ive been renting since I was 20 years old and i'm now 27 and never had an anuual increase especially in the current economic climate.

If you don't mind me asking, which area is it in?

M1 area

 

[mancitymick]

Just after a bit of advice, just about to rent a property to live in and I have this in my tenancy agreement. Its a 3 year contract with the option to move out at anytime with 3 months notice.

This bit i dont like is this:


c) The rent shall increase on an annual basis by RPI plus 2% (subject to a maximum of 6%). This is subject to negotiation
by both parties to this Agreement.

Thats a big increase on say £800 a month rent! Is this normal because ive been renting since I was 20 years old and i'm now 27 and never had an anuual increase especially in the current economic climate.

If you don't mind me asking, which area is it in?

M1 area

So a apartment in town? Loads of empty ones to negotiate against

 

[BimboBob]

Just after a bit of advice, just about to rent a property to live in and I have this in my tenancy agreement. Its a 3 year contract with the option to move out at anytime with 3 months notice.

This bit i dont like is this:


c) The rent shall increase on an annual basis by RPI plus 2% (subject to a maximum of 6%). This is subject to negotiation
by both parties to this Agreement.

Thats a big increase on say £800 a month rent! Is this normal because ive been renting since I was 20 years old and i'm now 27 and never had an anuual increase especially in the current economic climate.

If you don't mind me asking, which area is it in?

M1 area

Big fucking road that mate. Can you narrow it down?

 

[The Ox]

Just after a bit of advice, just about to rent a property to live in and I have this in my tenancy agreement. Its a 3 year contract with the option to move out at anytime with 3 months notice.

This bit i dont like is this:


c) The rent shall increase on an annual basis by RPI plus 2% (subject to a maximum of 6%). This is subject to negotiation
by both parties to this Agreement.

Thats a big increase on say £800 a month rent! Is this normal because ive been renting since I was 20 years old and i'm now 27 and never had an anuual increase especially in the current economic climate.

If you don't mind me asking, which area is it in?

M1 area

I'm not saying you haven't already or don't know, but you can actually make an offer on the price of a rental just the same as if you were buying. My daughter used to work for Thornley Groves on Whitworth Street doing rentals and say it was £800 for example you could offer to rent for £750pcm then if it goes up as per your contract, you would only be paying £800 in 3 years. The Landlord would obviously have to accept those terms just the same as if he was selling.

 

[roaminblue]

Can you not buy for cheaper?

you can but i need to cough up 20% deposit. maybe in a few years..

Are they not doing the first time buyer incentive anymore? That wanted 5%

 

[mackenzie]

If you don't mind me asking, which area is it in?

M1 area

Big fucking road that mate. Can you narrow it down?

Lol! That was my first thought too ;-)