Considerations : - If the tenant is claiming Housing Benefit you should know the maximum payable Local Housing Allowance for properties in your area see  What LHA can I charge ?

 

Not increasing the rent has a negative impact on ability to raise finance [see Financing Expansion)

 

How much should I increase the rent by It is a good idea to base your proposed increase on similar rental properties in the same area. Be careful not to ask for an amount over the market rental value for the property. If you do the tenant has the right to refer the matter to a rent assessment committee . They can assess the rent and deem the value to be lower. You and the tenant will then be bound to this reduced amount for the next 12 months.