AST Rent increase term

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W
Wallshy
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I used an agency to manage one of my properties, they arranged the AST and one of the terms was an annual increase in rent based on the rate of inflation. The fixed period finished and the tenants are now on periodic tenancy. When I mentioned to the agency about an increase in rent they said I couldnít impose it under the current agreement and that if I wished to increase the rent a new agreement and section 13 would need to be signed, which the tenants didnít want to do (sign a new agreement that is) Are they correct.
16/04/2008 00:00

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