*RESOLVED –
1. That, for 2020/21, individual social rents be set based on the current National Social Rent Policy, giving a rent increase of 2.7% with effect from 6 April, 2020.
2. That, for 2020/21 and onwards, where a social rent property is re-let to a new or transferring tenant the rent level be increased to the target rent for that property.
3. That, for 2020/21, individual affordable rents be set based on the current National Social Rent Policy giving a cash rent increase of 2.7% with effect from 6 April, 2020.
4. That, for 2020/21 and onwards, where an affordable rent property is re-let to a new or transferring tenant the rent level be set by reference to 80% of the market rent (including service charges where applicable) for a similar property at the time of re-letting or the formula rent for the property, whichever is the greater.
5. That the service charges be increased as set out in Appendix A of the officer’s report.
REASON FOR DECISIONS
1. To enable the council to set the level of council house rents in accordance with Government guidelines and the Rent Standard.
2. To enable the council to set service charges for 2020/21 and ensure that the cost of delivering services continues to break even.
3. To contribute to the council’s corporate priority ‘to improve the quality of life for local people’.