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Reduction of rental income


landlord john

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Hello,

If you are talking about the private rented sector (instead of the public rented sector) forms aren't necessary. Any reduction in rent payment can just be mutually agreed between landlord & tenant.

Most landlords don't usually accept reductions for obvious reasons. Instead some tenants just stop paying some or all of the rent leading ultimately to their eviction. Bad payers usually end up with bad references and this results in them only being offered bad property.

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