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Is Now the Right Time to Increase Yours?

 
16/12/2024

 Rents Are Rising in Doncaster – Is Now the Right Time to Increase Yours?

Introduction

With high demand for rental properties in Doncaster, landlords may be missing out on additional rental income. But when and how should you increase rent without affecting tenant satisfaction?

Key Indicators That You Should Raise Rent

✔️ Local market rates have increased.
✔️ Your property has been upgraded or improved.
✔️ Your rental price is below market value.
✔️ Your costs (mortgage, maintenance) have risen.

How to Increase Rent Fairly

  • Check the current rental market.
  • Give tenants proper notice (Section 13 notice).
  • Justify the rent increase with clear reasoning.
  • Offer incentives for long-term tenants.

Conclusion & Call to Action

Not sure if it’s the right time to increase rent? Contact 247 Property Services for a free rental valuation!

 
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