Fair Rents

  • Fair rents are rents controlled by the Rent Act 1977.
  • Ironically the rents are below market rents, compared to HA’88 rent rules.
  • So whilst fair on tenants they are unfair on landlords.
  • Further such rents can only be reviewed biannually  (two yearly) following application and agreement by RAC
  • S.70 RA’77 rules apply to assessments related to supply and demand and scarcity within a locality.
  • The Rent Acts (Maximum Fair Rent) Order 1999 limits rent rises to 7.5% upon first registration; thereafter to 5% + inflation.
  • Invariably any rent increase favours tenants at the expense of landlords.

What are your thoughts?

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About the author

Bob

Formerly a student living in a rented room my vision focused on excellence. Letting phenomenal student houses soon became more than a day job - more a way of life.

Continuing to look after our tenants I subsequently also founded what is widely recognised as a phenomenal student lettings agency.