Update on rent increase notices

Update on rent increase notices
March 13, 2023

The Scottish Government is legislating to extend the Cost of Living legislation to 30 September 2023. They have advised now, from 1 April 2023 the rent freeze will be replaced with a rent increase cap of 3% for any rent increase notices issued from 1 April 2023 and landlord must await until this date to issue the notices.

In some cases of financial hardship from 1 April 2023 landlords can apply to the rent officer for an increase of up to 6% to cover increases in prescribed property costs incurred in the 6 months leading up to the application being made. We are happy to provide information on what would be required for landlords to do this would require if you call or email the office to speak with one of our team.