Rent rising 10% after first 6 months of AST
Hi there I am about to get a tenant to sign a new tenancy. He has split up with his wife and she has taken on a tenancy at another property. He has been renting the property with his wife for the last 3 years at a considerably discounted rent as he is a friend of mine. I could get £700.00 month for the house but he currently only pays £550.00. I have told him that the rent will have to be increased to £600.00 per month after the initial 6 months AST. So I want to know if I can write in the addendum (rising to £600.00 after the first 6 months?) I am not sure what to do ?
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