Last year’s Rent Increase Consultation offered tenants two proposals, a Three Year Deal or Five Year Deal. There was a clear majority of tenants in favour of the Three Year Deal, giving any tenant who qualified for a Rent Discount a rent freeze for 2021/22.
The Three Year Deal was:
The Rent Increase was a flat rate of £5 each month with all paper-free tenants qualifying for a new Bronze Key Tenant Rent Discount of £5 a month. Existing Gold and Platinum Key Tenant Rent Discounts were also increased by £5 each month, and are now £15 and £25 a month.
We originally proposed to increase rent by inflation only, using the published figure for November 2021, which was 7.1%.
However, Captain Discount felt this figure was simply too high, and so we are now consulting on an increase of inflation minus 2% or 5.1%.
If inflation is very low next year, we might have to look again at Year Three, but otherwise we still hope to keep to an inflation only increase next year as we agreed.
This consultation is now closed
Click to Go to Consultation Results