Tips for raising Property Rent in Edinburgh without losing tenant

[Umega lettings]

Raising the rent can be so emotional sometimes, no matter how well you treat your tenants, they would always frown when you discuss the raise of Property Rent in Edinburgh. To avoid a lot of hassle with your tenants when you increase the rent, you need to treat tent raise like an art. With the rise of rent other charges also increase as well as taxes go up and insurance costs. But no one likes unnecessary and greedy rent increment. So check ways to increase your rent without being an unfair landlord?

Have a Rent Raise Policy

As a landlord, you need to check the market price and research well to set your Property Rent in Edinburgh. This means that you have to be familiar with the rental value in the market. The rent raise does not have to be as per the market trend so that it doesn’t skyrocket beyond the renters’ budget. You need to have a policy set for the increment of the rent mentioned in the agreement for the upcoming years.

Give a Notice

You need to clearly state the increase in the rent in the agreement but you also need to give a reminder for it. It will be easy for the tenant to be familiar with the increase in the Property Rent in Edinburgh prior. You can send them, emails or letters of agreement along with the written notice with the increase of rent specific time duration such as 30 or 60 days is given before the lease expires.

Who can help you?

Implementing these strategies will keep your tenants for the long term with you and besides you can also enhance your income from the property in Edinburgh. If you own a property but confused with the rental charges, don’t worry as Umega Letting double award winner in Edinburgh is here to assist you! We have experienced staff that has been in the field for years and are familiar with the local market; they can guide you well about enhancing property income.

What are you waiting for? Call our experts to rent your property today at the best prices in the market!