Periodic Contracts in Wales: How to Raise Rent Legally & Timely
Hello,
In Wales, a periodic AST converted, and the contract holder signed a new Standard Periodic Occupation Contract, using The Guild download form, in February 2023
The rent in the new contract is the same as it was under the AST.
The rent is very low and has been unchanged since 2016.
I want to increase the rent as soon as possible.
I understand that the rent can be increased at any time under the contract (even the next day), but once increased, there cannot be another increase for 12 months.
However, someone has told me that the rent cannot be increased for six months from the date the new Occupation Contract was issued.
Which is correct?
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