Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Rent Tribunals Reduce 73% of Landlord Rent Increases
A review by LonRes has found that nearly three-quarters of landlord rent increases challenged at tribunal were reduced. The findings are based on a sample of tribunal decisions examined by LonRes.
LonRes analysed 200 market rent determinations, including 169 cases with published reasons. Of these, 108 cases stated both the landlord’s proposed rent and the final rent set by the tribunal. In 73% of these 108 cases, the tribunal set the rent below the figure proposed by the landlord.
This information is relevant for UK letting agents and inventory clerks, as it highlights the outcomes of rent increase challenges at tribunal. The data suggests that a significant proportion of proposed rent increases are not upheld in full when tenants contest them through the tribunal process.
Letting agents and inventory clerks may wish to consider these findings when advising landlords and tenants about the likelihood of rent increases being approved at tribunal.
Source: Property118