Tenants hit by rent increases
Research by Ocean Finance found that 60% of tenants claim that their rent has been increased at the end of their tenancy. The average such increase was £84 per month. 13% of tenants also claimed to have been hit with fees to extend their tenancy agreement with an average fee value of £117. Given that more than half of tenants stay in the same house for five years or more, such fees are becoming difficult to justify.
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