Starting a rent review
A rent review can be created in a few ways:- Automatically: If you have enabled automatic rent reviews, Yorlet creates a rent review when a tenancy becomes eligible. See Settings below.
- From a tenancy review: When scheduling a tenancy review, you can choose to Create rent increase when the review date is reached.
- From a tenancy: Start a rent review directly from the tenancy’s timeline.
Pending status, and the timeline shows when the review is due.
Serving notice
To propose the increase, open the rent review and click Serve notice. You will be asked to provide:- Current total rent and Proposed total rent: Enter the total rent across all tenants, not the amount per tenant. Where possible, the current rent is pre-filled from the tenancy.
- Date notice served: The date the notice was served to the tenant. This cannot be in the past, and unless early notice is allowed, cannot be before the suggested due date.
- Effective date: When the new rent takes effect. This must be at least two months after the notice served date.
- Email Form 4 to the tenant: When enabled, the Section 13 notice is emailed to the tenant as soon as notice is served. You can always send it later.
Overwrite Form 4 dates (optional)
Overwrite Form 4 dates (optional)
If the dates Yorlet holds need correcting, you can override the values printed on the Form 4: the Tenancy start date (4.2), the Most recent rent increase (4.3), and the Date of first rent increase (4.4). The start dates are sticky and carry forward to future rent reviews on the same tenancy.
Notice served and the Section 13 - Form 4 notice becomes available to View, Download, or Email to tenant.
A tenant must be given at least two months’ notice. Yorlet also enforces a 12-month review cycle from the last increase or tenancy start, unless you have allowed early notice.
Recording the tenant’s response
After notice is served, use the overflow menu (•••) to record what happens next:- Tenant accepted: The tenant agrees to the proposed rent. The review moves to
Accepted. - Tenant challenged: The tenant refers the increase to a tribunal. The review moves to
Challenged, where you can record a tribunal reference. - Record tribunal decision: Once a challenged review has been decided, record the outcome (including the rent set by the tribunal). The review moves to
Tribunal decided. - Withdraw notice: Withdraw the served notice. The review moves to
Withdrawn.
Applying the increase
When the effective date is reached, Yorlet automatically applies the agreed rent to the tenancy’s subscription and the rent review moves toEffective. If the rent was set by a tribunal, the tribunal’s figure is used.
Statuses
- Pending: The rent review has been created and is awaiting notice.
- Notice served: A Section 13 notice has been served to the tenant.
- Accepted: The tenant has accepted the proposed rent.
- Challenged: The tenant has challenged the increase at a tribunal.
- Tribunal decided: A tribunal has decided the rent.
- Effective: The new rent has been applied to the tenancy.
- Withdrawn: The served notice was withdrawn.
Settings
To configure rent reviews, navigate to Settings > Leasing > Renewals:- Upcoming renewals: Turn on Create an automatic renewal intent and set how many days before the end of a tenancy the record should be created (between 1 and 120 days).
- Rent increase notice: Turn on Allow serving notice before the suggested date to serve notice at any time. When this is off, notice can only be served on or after the system-suggested due date based on the last rent increase or tenancy start.