Reply To: Rent increases 2024

#286387
LouiseS
Participant

Hello
We have been advised by one of our RSLs that they can increase the core rent above 7.7% from April 2024 and they have given us the following information as justification / explanation. Is this correct? Thank you.

Specialised supported accommodation and temporary accommodation There are exceptions to the Government’s rent regulation for some social tenancies such as specialised supported accommodation and temporary accommodation. These increases will be based on the Retail Price Index (rather than the Consumer Price Index) of 8.9% as of September 2023 +1%, giving an increase of 9.9%.” This property was purchased without any grant so comes under SSH regs which do not have to follow the same rent setting rules.