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Rent Setting Policy (now closed)

OTHA is due to review our policy for setting rents.

The last review was 3 years ago when major changes were made to the rent levels. Some rents went down and some up. These changes are still being put in place.  We are thinking that we don’t want to make any more changes in this review. But we need to know what you think.

Do you have something to tell us about the way we set our rents?

Have we got it right in awarding points for what your property offers?

Are there features or amenities about other homes that you think we have missed?

Some more details to help you decide are given below.

 These are the main changes made in 2015

  • Rents in all areas were brought under the rent setting policy. This affected tenants in properties acquired in the stock transfers from Scottish Homes and in the Bow Farm Area previously owned by Bow Farm Housing Association.
  • Tenants agreed there was too much rent charged because a property was new build. We reduced the new build premium.
  • Tenants agreed we should reduce the charges for flats with no drying green. We took 1 point off where there is no drying green available.
  • Tenants agreed that a main door property should have a higher rent than a flat with the same features. We added on 10 points for a house and 5 points for a four-in-a-block.
  • Tenants agreed we should not make a charge for having an adaptation. Service charges to cover ongoing costs (eg stair lift servicing contract) will continue.
  • We reviewed the areas recognised as high or low demand against demand levels.
  • Some service charges were added onto the rent and no longer appeared as separate service charges. This affected charges for the common electricity supply(landlords supply), lifts, specialist baths and door openers.

How do we set rents?

 We set a base rent according to the size of a property. These are shown below:

Property Size

Monthly

Weekly

1 person 1 apartment

£268.96

£62.07

1 person 2 apartment

£290.67

£67.08

2 person 2 apartment

£304.04

£70.16

3 person 3 apartment

£325.76

£75.17

4 person 3 apartment

£339.12

£78.26

4 person 4 apartment

£347.47

£80.19

5 person 4 apartment

£355.83

£82.11

6 person 4 apartment

£364.18

£84.04

5 person 5 apartment

£369.19

£85.20

6 person 5 apartment

£377.54

£87.13

7 person 5 apartment

£390.91

£90.21

8 person 5 apartment

£404.27

£93.29

The number of persons reflects how many bedspaces there are. For example, a three person property would have one double and one single bedroom adding up to three bedspaces. The apartment size is the number of bedrooms plus one livingroom; a two apartment property will have one bedroom and one living room.

We then add or subtract from different features the property has. These are shown below:

Features

Monthly

Weekly

Take off

 

 

Lack of full double glazing

£3.34

£0.77

Lack of drying green in flat

£1.67

£0.39

Add on

 

 

Extra w.c.

£8.35

£1.93

High demand area

£8.35

£1.93

New build premium

£16.71

£3.86

Exclusive use of garden

£5.01

£1.16

Shared use of garden

£1.67

£0.39

In curtilege car parking

£3.34

£0.77

Dining kitchen or small dining area

£5.01

£1.16

Larger dining area in kitchen or other room

£13.36

£3.08

Separate multi use room

£21.72

£5.01

Additional shower facility in addition to bath)

£3.34

£0.77

Porch or integral porch and bin store

£1.67

£0.39

Utility room

£3.34

£0.77

Garage

£3.34

£0.77

House type - 4 in a block/main door flat

£8.35

£1.93

House type - house

£16.71

£3.86

Lift

£15.03

£3.47

Stair Lift

£15.03

£3.47

Door Opener

£23.39

£5.40

Specialist bath

£10.02

£2.31

Rents are normally set at the time a property is first let. The rent charges increase by an agreed amount to take account of inflation or other cost changes each year.

Please ask any questions or make any comments in the usual ways:

  •  Phone Kate Dahlstrom direct on 01475 807000
  • Speak to any member of our team to pass on your comments, let us know if you want feedback
  •  Email Kate on info@oaktreeha.org.uk 
  • Message us through our website

 This consultation will close on Friday 13th April and there will be feedback in the next newsletter.