Providers need to be alive to the risk of contractors becoming insolvent and how to limit the resulting inevitable disruption.
As you will be aware, RPs are currently in the middle of a four-year regime of annual rent decreases through the Welfare Reform and Work Act 2016 (the “2016 Act”). Until the recent announcement, the position post-2020 was not clear.
The Government has now confirmed that for five years from April 2020, the annual limit on rent reviews will be the annual change in Consumer Price Index (CPI) plus 1%. This reverts to the position before the 2016 Act and gives welcome certainty to associations regarding business planning.
As rent review time approaches over the next few months, do bear in mind our rent-review letter-checking service. For a fixed fee we will review your organisation’s standard rent (and service charge) review letters and enclosures to ensure they are compliant with the legislation, provisions of the relevant tenancy agreements, and regulatory guidance.
For more information
For more information generally about rents or our rent-review service, please contact Jonathan Cox.
Housing associations must continue to deliver core functions effectively and compliantly notwithstanding the uncertainty over the standards to which you will be held in the future.
Over the last few years the meaning of “asset management” has changed from being all about repairs to understanding that assets might not stay in an organisation forever.
The Grenfell Tower tragedy has understandably prompted a fundamental reconsideration of how building safety is approached for High-Rise Residential Buildings.
Results from the latest three-yearly valuation of the Local Government Pension Scheme (LGPS) are starting to trickle through.
The potential for Brexit with or without a deal causes uncertainty, and credit rating agencies do not like uncertainty.
Let’s face it, Wills are underappreciated and often overlooked. In fact, around 54% of the British public do not have one!
A recent case throws light on the scope of the exemption for “land transactions” from the need for an OJEU tender process.
A leaked report into maternity services at the Shrewsbury and Telford Hospitals NHS Trust revealed by The Independent has been described as the “largest maternity scandal in NHS history”.
The Pensions Regulator is showing its determination to improve the prudent management of Local Government Pension funds by digging deep into the internal workings of these funds.
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