2008/09 Rent Increases and Business Plan

Government target rents need to be reached by 20/11/12 and so the Government has produced a rent setting formula to work out what this target rent should be. The formula is made up of 3 elements:

• Valuation

• Average earnings

• Property size

What this means for you as a Pennine tenant

Rent

Pennine have produced a rent plan and want to ensure that rents will increase in as small steps as possible so there are no dramatic increases and so tenants can manage.

The rent charge option of RPI + 1.5% + 0.5% has been agreed.

Cont........

Garages

Garage rents will not increase for 2008/09.

Support Charges

Fixed at current rate.

Supported charges have remained unchanged since 2003 and the vast majority of tenants receive the Supporting People grant.

Any increase in support charges now will be until 2009/10 linked to the Supporting People contract.

Handy Person
Scheme

The Update

Two new posts will be starting April 2008.

One will provide a helping hand with minor jobs to vulnerable tenants over the age of 50. The other will be allocated directly to new tenants.

Both services will be free of charge and should be booked directly through Pennine Direct. A maximum of four hours will be allocated to a job.

Look out for more info soon!

Tenant Board
Election

New Faces Wanted

For Upper Valley & North Halifax

Are you interested in becoming a tenant Board member? Intrigued? We can offer taster sessions to show you what happens and you can meet existing Board members to find out their experiences.

If you are interested or want any more information please contact:

Margaret Holt on 01484 824327.