The Rent Setting Policy outlined how the Council would calculate rent for the housing stock that it owned and managed within the Housing Revenue Account. The purpose of the Policy was to ensure the rents would be set in accordance with the relevant statutory and regulatory obligations.
The policies were discussed. It was confirmed that new tenancies would be more expensive but would be capped at a 10% increase. The change to the rent free period was queried. It was clarified that this was largely administrative and now reflected the system used by most Housing Associations. Informal feedback had shown that the change was popular.
RESOLVED that the Rent Setting Policy, Income Collection Policy and Financial Inclusion Policy be approved.