The use of large up-front fees and disproportionate deposits has already resulted in significant cost consequences for one care provider.
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.
For more information
The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.
Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.
A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.
Thinking about the legal status of being a cohabitant probably isn’t at the top of the ‘to do’ list.
When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.
We are now only a few weeks away from the biggest change to data protection laws in over 20 years. Are you compliant?
The tragedy, in this case, is that there were options readily available to the midwives that they could have used. This was not a case of having to go above and beyond.
Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.
The SCCS has issued providers in the scheme a series of updated and new documents in order to assist with their National Minimum Wage review.
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