Friday 3 January 2014 12.19pm
I wonder if anyone might be able to advise me on an issue regarding my rent, or perhaps others might be in the same boat.
I moved into a one bedroom flat on the Winchester Estate off Union Street
last March, signing a lease with Genesis Housing Association. The property has since been taken over by Grainger PLC. I received a phone call yesterday asking me if I would like to renew my lease in March, advising me that Grainger want to increase my rent significantly- by just over 18%. This increase is apparently to bring the rent "in line with rates for the area". However, as I signed the lease only last March I cannot see how this increase is justifiable. A clause in my contract with Genesis states I would have the option to renew the lease at the rate of inflation, no greater than approx 5%. But apparently this does not apply as the new lease would be with Grainger.
I intend to speak to citizens advice, though I am not sure there is much I can do. I wonder has anyone had a similar experience or have any advice? Should I perhaps try and negotiate a smaller increase?
As you can imagine, this is quite worrying for my partner and I. I don't know where we will find the money to cover this pretty excessive increase, but we also don't want to move as we work in the locality and have been very happy here. Any help would be greatly appreciated.