Mikeegrini
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- 28 Jun 2009
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Captain Oats said:BoyBlue_1985 said:Over £400 a year or 8g of heroin, he wont even be able to numb the pain of paying someone else's mortgage offMikecini said:On your 800 quid example the max increase would be 36 pounds per month! Not the end of the world.
exactly!
Then why don't you look at a less expensive property to speed the deposit growth? Unless you are splitting the rent/costs, at that price I'd guess you'd get two beds?
Back to your original question, I have rented my own property in the past and the clause you questioned is not in the standard Tenancy Agreement. I'd guess, from a landlords/letting agents perspective, the clause is an indication of what the landlords/letting agents future expectations are. That is, the landlord thinks this will be a way to cover his declining income (in relation to other similar apartments in the future) as he expects the cost of renting in the city center to increase year on year by the % in the clause.
If the landlord is using a letting agency then it's most likely to be the agents standard agreement so there is a vested interest with the agent as well. The agents future income is increased by ?% each month whilst doing relatively little. The landlord will also be thinking about the costs of having to have an agreement drawn up every year as the letting agent charges for the service again.
As already said, have a go at negotiating. I hope you get a deal that you can live with and good luck on getting that deposit together.