How your rent is set
Rent is charged on all properties, and covers the cost of things like repairs, housing management and capital improvements and it is not dependent on the costs of services provided.
For existing tenants, the rent charges will be decreased by 1% from April 2018. This is in line with policy that was first announced by the Chancellor of the Exchequer as part of his Budget Statement in July 2015 and confirmed in the Spending Review as part of his Autumn Statement in November 2015.
As a result of this change, the average rent for council tenancies will be around £87.44 per week. This represents the weekly rent that is payable over 48 weeks and takes into account the 4 weeks rent payment holidays, 2 weeks in December 2018 and 2 weeks in March 2019.
The average weekly rent (£87.44 per week over 48 weeks) is equivalent to an average rent over 52 weeks of £80.71 per week.
For new tenants, rent charges will be set at 'formula rents' as set out in the Government publication 'Guidance on Rents for Social Housing' as published in May 2014.