Hi there,
I have just bought a rental property and have agreed to retain the existing tenants. the Tenancy services website states that you cannot increase rent within 180 days of starting a new tenancy, but does this still apply in my stituation? The current rent is below market, and I'm not sure how to approach this as there is an existing agreement in place that I will be replacing with a new tenancy agreement (with my details etc).
Must be a super common situation, so hopefully someone can help!
I have just bought a rental property and have agreed to retain the existing tenants. the Tenancy services website states that you cannot increase rent within 180 days of starting a new tenancy, but does this still apply in my stituation? The current rent is below market, and I'm not sure how to approach this as there is an existing agreement in place that I will be replacing with a new tenancy agreement (with my details etc).
Must be a super common situation, so hopefully someone can help!
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