How Rents Are Set
The Association has a Rent Setting & Service Charge Policy which we follow when setting the rent for our properties. All rent levels and other charges are reviewed annually, with any increases implemented from 1st April each year.
The key principles of our rent setting framework are:
- To ensure that our housing services are provided efficiently and give value for money
- To ensure that there is a fair system of setting and apportioning rents for different types of property
- To be both transparent and accountable so that the basis for setting rents is clear to staff and tenants as well as being easy to administer
The specific objectives of the Rent Setting & Service Charge policy are:
- To set rents and service charges which generate sufficient income to ensure the short, medium and long term viability of the Association
- To set rents that are broadly consistent with comparable rents charged by other housing associations in the area
- To only make a service charge where it is necessary to do so i.e. where the costs of the services concerned are not covered by the rent
- To ensure that the costs of providing services are recovered only from those who enjoy the benefits of the services
- To ensure that there is fair differentiation of rent for different types of properties
- To set rents that are based on accurate housing stock and financial information
- To set rents that are affordable to households on low incomes
Rent & Service Charge Increase Consultation
The Association offers a range of ways for residents to get involved and have their say on the proposed rent and service charges for the coming year, e.g. by individual letter, access to online surveys, newsletter articles, website news/social media posts.
Prior to agreeing any increase in rent levels, the Management Committee will consider consultation responses from:
- Tenants, sharing owners, owner occupiers
- Customer & Resident Forum Group
- Any other relevant stakeholders
Legal Framework and Regulatory Compliance
The Association has full regard to legislation, contractual obligations, good practice and the requirements of the Scottish Housing Regulator in its approach to rent setting and service charges.