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godnose

E2 Haggerston rent increase

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Hi all, my first post here after a long time lurking and hoping. I am now approaching my first experience being forced to move in London so I thought I'd share it and see what you thought.

I live in a flat in East London by Haggerston Park, the nearest station is Hoxton. It's a 3 bed, low rise, ex-council flat with a living room I've been here for 3 years. Currently the rate is £2150 / pcm. I have monitored the market and found 3 flats all similar all on at £1950 / pcm. My lease is up for renewal at the beginning of September, so I emailed the agent ahead of time, referring to the cooling of the market in London (as has been reported in press etc.) informing him of my research, and I kindly requested if my rent could be reviewed in light of this.

The agent said the landlord said it was "impossible" and believed the market was going in the "totally opposite direction"! He has increased the asking rent by £150 to £2300 / pcm, which is quite a jump. So all for an extra £1800 per year he is happy to lose his reliable and good tenant of 3 years.

 

I am really hoping he is going to end up having to drop the price or with a void and learn a lesson from this. Any comfort anyone can offer?

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Either the landlord is delusional (this seems unlikely, given that he's got an agent to advise him) or this is just a negotiating tactic: you ask for £150 off, he demands £150 more, you compromise and leave the rent unchanged.

I'd ignore his response, try to overlook any game playing element, and ask yourself whether the rent saving on a new flat would outweigh all of the disadvantages of moving. If it would then move.

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On 6/21/2017 at 10:39 PM, 65243 said:

Either the landlord is delusional (this seems unlikely, given that he's got an agent to advise him) or this is just a negotiating tactic: you ask for £150 off, he demands £150 more, you compromise and leave the rent unchanged.

I'd ignore his response, try to overlook any game playing element, and ask yourself whether the rent saving on a new flat would outweigh all of the disadvantages of moving. If it would then move.

Hi, thanks for the reply. It is way out of step isn't it? On the delusional point after saying to the agent "the market's going they other way... he could risk a void... look at the newspapers etc.". The agent came back to me and said "I will try and explain these points to the landlord, but I don't think he is going to understand"!

 

Now, the marketing it, who is a different agent came round to photograph the flat. He had been told none of this back story and he agreed that the landlord was unwise to lose a good, safe tenant and that a £2300 / pcm was "going to make [his] life very hard". So that has been quite reassuring. At which point will the landlord begin to get anxious about his impending void? I am actually worried they are going to try and claw everything they can back from my deposit because he's going to be so badly burned.

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2 hours ago, godnose said:

Hi, thanks for the reply. It is way out of step isn't it? On the delusional point after saying to the agent "the market's going they other way... he could risk a void... look at the newspapers etc.". The agent came back to me and said "I will try and explain these points to the landlord, but I don't think he is going to understand"!

 

Now, the marketing it, who is a different agent came round to photograph the flat. He had been told none of this back story and he agreed that the landlord was unwise to lose a good, safe tenant and that a £2300 / pcm was "going to make [his] life very hard". So that has been quite reassuring. At which point will the landlord begin to get anxious about his impending void? I am actually worried they are going to try and claw everything they can back from my deposit because he's going to be so badly burned.

 

How much is the deposit? Is it protected?

There's a member on here who takes particular delight in shafting LL when they don't protect deposits- apparently you can sue for multiples of the deposit.

 

Anyway, if you manage to pay less rent there or elsewhere, you could make up the deposit in rent saved. Your LL sounds like a ***** though, so if I were you I would move out on principle.

As 65243 said, he could be playing games, so you could play games in return. Offer £1850, let him spit in your face and laugh as he gets 4 months of void.

Sounds like time to start looking elsewhere.

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2 hours ago, Locke said:

 

How much is the deposit? Is it protected?

There's a member on here who takes particular delight in shafting LL when they don't protect deposits- apparently you can sue for multiples of the deposit.

 

Anyway, if you manage to pay less rent there or elsewhere, you could make up the deposit in rent saved. Your LL sounds like a ***** though, so if I were you I would move out on principle.

As 65243 said, he could be playing games, so you could play games in return. Offer £1850, let him spit in your face and laugh as he gets 4 months of void.

Sounds like time to start looking elsewhere.

The deposit is equal to a month's rent from when I first moved in, so around £2000. They pertain to have deposit protection in place, but to be honest I am a little sceptical.

Yes, absolutely, I am moving out on principle, as inconvenient as it is.

Indeed, once I have a place lined up to move into I may offer them one more chance at £1850 / pcm. It will be immensely satisfying if they get a void.

I have been requested to have the flat professionally cleaned at my own expense, though the place was horrendously dirty when we moved in. Doesn't that always seem to be the way?

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