I have an RP who offer extra care (similar to sheltered accommodation for those independent enough not to require a care home), they have staff on site but the elderly tenants live in their own flats. Their April 2023 increases ranges from between 18% to a whopping 32% increase.
Do LA’s need to start digging into whether the core rent has increased by more than 7% or whether it is due to the service costs increasing (this isn’t shown on any rent models I’ve come across). I thought, possibly incorrectly, the overall gross rent will be restricted to 7%, otherwise the enforced 7% cap would be pointless should a Landlord could circumnavigate and increase their service charges to counteract….
