Local authorities in England must await further regulations that will “make provision about the levels of rent that they must charge a high income tenant of social housing”.
For private registered providers however, to introduce Pay to Stay, (“rents for high income social tenants”), they must publish a policy. The policy must include details of how tenants are to request reviews and appeal decisions.
Section 90 confirms that HMRC must share certain information with private registered providers to enable them to implement their policy. That information will inevitably be historic however, so in our view landlords need to give some thought to how they can persuade tenants to provide income information voluntarily.
For landlords contemplating introducing Pay to Stay, the first practical thing to do is to check tenancy agreements to confirm they can increase the rents to a market rent.
Contact us if you would like assistance with:
- Amending or replacing your current Rent Review Policy to incorporate the Pay to Stay;
- Introducing a new Pay-to-Stay Policy;
- How to practically deal with rent increases;
- How to approach getting tenants to provide financial information voluntarily.
Please contact Zishaan Saleem or Jonathan Cox. Additionally, you can read our earlier ebriefing on pay to stay.
Latest news
New code puts complaint handling in the spotlight
he updated Housing Ombudsman’s (HO) Complaint Handling Code (the New Code) will become a statutory requirement on 1 April 2024 and will bring a significant step change for registered providers (RPs).
Monday 25 March 2024
Read moreAnthony Collins appoints returning partner as new head of funding
Specialist law firm Anthony Collins (AC) has appointed a new head of funding, returning partner, Jon Coane. Jon brings with him over 25 years of experience as a social impact […]
Wednesday 13 March 2024
Read moreLatest webinars and podcasts
PODCAST: 12.07% holiday accrual is back… But not for everyone!
In the podcast we will outline the new Working Time Regulations legislation in detail, noting when the provisions coming into force, whilst also providing practical examples and guidance for employers across all sectors.
Friday 1 December 2023
Read moreRenters Reform Bill webinar – June 2023
The Renters Reform Bill proposes a seismic change to housing management practices, abolishing assured shorthold tenancies and 21 notices entirely and making changes relating to rent increases, pets, possession grounds and more.
Friday 18 August 2023
Read more