Your Rent for 2019-20
The rent for 2019/20 has been set in accordance with the Welfare Reform and Work Act that was imposed by the government in April 2016.
As the result of a change in the Government’s summer budget, in line with the new Welfare Reform and Work Bill 2015/2016, it was announced in 2016 that rents within the social housing sector will be reduced by 1% every year for four years.
As of 2019/20 there will be a 53 week financial year which may effect some direct debit payments. The intention is to calculate the full amount of rent owing to the end of the financial year, collected over the remaining payment dates. This means there may be a slight increase in scheduled payments to cover the additional rent week, regardless of the rent decrease.
If you pay a service charge you will have noticed that this year we have provided separate costing for each element of your service charge, such as caretaking, electricity etc.. This is to provide transparency to our residents, showing exactly what you are being charged for each item. The Government allows us to increase each element by no more than 3.8% each year, and there may even be a reduction in some costs if you have been overcharged on the previous year.
You should now have received your individual letters advising of these changes. If this is not the case, please contact us on 01277 312500.
The new rent year commenced on Monday 3rd April 2019 and will finish on Sunday 1st April 2020.
If you have any difficulties paying your rent, please contact the Estates Management Team on 01277 312 500 or email@example.com
You can view the agenda and minutes of any of the Committee meetings via the website.
There will be new rent formulas set as of 2020/21 which will effect your payments. These can be seen on the government website https://www.gov.uk/government/consultations/rents-for-social-housing-from-2020-to-2021’