Rent Increase Formula:
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The 6% rent increase cap in Scotland is a temporary measure introduced to protect tenants during the cost of living crisis. It limits most in-tenancy rent increases to a maximum of 6% during the specified period.
The calculator uses the simple formula:
Where:
Explanation: The calculator shows both the amount of increase and the new total rent after applying the 6% increase.
Details: Understanding potential rent increases helps tenants budget effectively and ensures landlords comply with Scottish rental increase regulations.
Tips: Enter your current monthly rent in GBP. The calculator will show both the increase amount and your new monthly rent if a 6% increase is applied.
Q1: Is the 6% rent increase mandatory?
A: No, it's a maximum cap. Landlords can choose to increase by less or not at all.
Q2: Does this apply to all tenancies in Scotland?
A: Most private residential tenancies are covered, but there are some exceptions. Check with Shelter Scotland for specific cases.
Q3: How often can rent be increased?
A: Typically once every 12 months for private tenancies, with proper notice given.
Q4: What if I can't afford the increase?
A: You may be able to negotiate with your landlord or seek advice from Citizens Advice Scotland.
Q5: Is this cap permanent?
A: No, it's a temporary measure. Check current regulations as they may change.