Section 123 Variation of rentI1
The landlord may vary the rent payable under a periodic standard contract by giving the contract-holder a notice setting out a new rent to take effect on the date specified in the notice.
The period between the day on which the notice is given to the contract-holder and the specified date may not be less than two months.
Subject to that—
the first notice may specify any date, and
subsequent notices must specify a date which is not less than one year after the last date on which a new rent took effect.
This section is a fundamental provision which is incorporated as a term of all periodic standard contracts under which rent is payableF1, except a periodic standard contract which is a housing association tenancy.
Annotations
Textual amendments
- F1
Words in s. 123(4) inserted (1.12.2022) by The Renting Homes (Wales) Act 2016 (Housing Association Tenancies: Fundamental Provisions) Regulations 2022 (S.I. 2022/799), regs. 1, 5(3) (as amended by S.I. 2022/906, arts. 1(2), 14)
Commencement
- I1
S. 123 in force at 1.12.2022 by S.I. 2022/906, art. 2
Notes on Chapter 3
Modifications
- C1
Pt. 6 Ch. 3: power to amend conferred (1.9.2019) by Renting Homes (Fees etc.) (Wales) Act 2019 (anaw 2), s. 30(2), Sch. 1 para. 11 (with s. 29); S.I. 2019/1150, art. 2(c)