Rent increase experiences please
Hi all
We are coming up to renewal of our rent on The Pearl and the LL wants to raise the rent by 15%. I recognize that we have been paying a really good rent for the last 2 years and that rents have risen quite a bit, but I thought that LL's could only raise the rent by a max of 10%? The management company told me this (but are now denying all knowledge) and I have had 2 other LL"s tell me the same. What are other people's experiences of rent increases here?
Thanks in advance
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