Changes to your rent
Social rents
Social and affordable rents are set each year using the rate of the Consumer Price Index (CPI) inflation plus 1% and are subject to a limit set by Government. The CPI figure used is the figure from September of the year before the increase takes place. In September 2023, CPI was 6.7%.
Secure rents
If you have a secured tenancy, your rent will be reviewed every two years in line with rules of your tenancy agreement. Regenda has to make an application to the valuation office for a rent review and you will be written to when this has been registered.
Shared Ownership (lease)
Rents on Shared Ownership homes are reviewed in line with the terms of your lease. The review month and formula used to calculate the increase is different in each lease, yet in most instances all properties on a single development will be the same.
Why is my rent changing?
Like many other organisations and housing providers, we face increasing costs each year.
In order to continue investing in good quality homes and services for all, we need to make an increase to the rent to be applied on the date set out in your tenancy / lease agreement.
We’re a not-for-profit organisation and every penny we receive is reinvested in services for our residents, such as repairs, upgrades to homes and frontline services.
The amount of the increase is determined by many factors and can include the rules set out by Government or a Lease agreement if you are a Shared Owner.
How much will my rent increase by?
Social rents
We review social and affordable rents annually following strict guidelines set by the government.
Secure rents
If you have a secured tenancy, your rent will be reviewed every two years in line with rules of your tenancy agreement. We have to make an application to the government's Valuation Office for a rent review, and you will receive this in writing when this has been registered.
Shared Ownership
We review Shared ownership rents annually in line with the rules set out in your lease agreement.
How will I be told about rent changes?
You will be given a minimum notice period of 28 days for a weekly charge or one month for a monthly charge, If applicable, you will be served a rent increase notice that is headed: ‘Section 13(2) of the Housing Act 1988. Form number 4B’.
This notice is the legal notification that your rent is going to change. It will tell you what your rent is now, how much it will be changing to and the date this new charge will be applicable from.
What if I think the increase in my rent is too much?
Please contact us so we can explain why your rent is going up.
If you are not satisfied with the answer, then in most cases you can refer the rent increase notice to a Rent Tribunal, an independent panel who will compare the proposed rent to similar properties in your area. They can determine a lower rent or a higher rent. Please note that this only applies if your rent has been increased by the Section 13 notice.Guidance notes are supplied with the rent increase notice, which advise you how to ask for an independent review.
What if I think the increase in my rent is too much?
Please get in touch so we can explain why your rent is going up.
Click here to contact us: Contact us | Regenda Homes
If you are not satisfied with the answer, then in most cases you can refer the rent increase notice to a Rent Tribunal, an independent panel who will compare the proposed rent to similar properties in your area. They can determine a lower rent or a higher rent. Please note that this only applies if your rent has been increased by the Section 13 notice.Guidance notes are supplied with the rent increase notice, which advise you how to ask for an independent review.