In February of this year the Management Committee will set a budget for the forthcoming financial year 2012/13 and will review the level of rent the Association needs to charge to meet the ongoing costs of managing, maintaining and improving the existing housing stock and allowing us to build new houses in our areas of operation.
Tenant consultation regarding the following proposed rent changes is now underway and we would encourage tenants to submit their views before the closing date of 03 February 2012: -
- Rent increase of 4.9%, effective from 01 April 2012
- Change of rent due date from the 28th of each month to the 1st of each month
- Change of rent increase date from 28 August to 01 April each year.
Each of these proposed changes is explained in detail in our January 2012 newsletter.