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In this tutorial, Tom Sohn discusses the important topic of appropriately increasing rent for existing tenancies. He emphasizes that there is a correct method and timing for rent increases, as well as specific processes and documents that must be followed. Sohn highlights the common mistakes made by landlords and letting agents, stressing the significance of understanding these procedures, especially for landlords with managing agents. He encourages landlords who haven’t raised rents in several years to consider doing so, while also being mindful of tenant relations to avoid unnecessary conflict.
