|Topic:||CPIH rental increase calculation?|
|Posted by:||Rob Brown|
|Hi, I am looking for a some local advice|
I rented a property in Chiswick a year ago with a clause for annual increase based on the Office of National Statistics' stated amount for CPIH. For the month in question, the ONS has published the amount as 0.3%
Previously when I have contracted for annual increases, the standard percentage method was used: base + (base * %)
Just before the new amount was due, the agent used a different formula of base * month-of-2015/month-of-2014 which amounts currently to a higher amount than the standard method.
I contacted the ONS for their advice and they informed me that the agent is wrong.
The agent says I am wrong - and now I am in arrears!
How do agents in Chiswick normally calculate CPIH (or similar) rental increases?
Does anyone have advice how I can settle this with the agent?
|Topic||Date Posted||Posted By|
|CPIH rental increase calculation?||26/04/15 14:33:00||Rob Brown|
|Re:CPIH rental increase calculation?||26/04/15 22:58:00||Robin Cox|
|Re:Re:CPIH rental increase calculation?||27/04/15 21:16:00||Rob Brown|
|Re:CPIH rental increase calculation?||27/04/15 04:14:00||Phil Kay|
|Re:Re:CPIH rental increase calculation?||27/04/15 14:58:00||Tony Buchanan|
|Re:Re:CPIH rental increase calculation?||27/04/15 21:17:00||Rob Brown|