Joined: 2/24/2018(UTC)
Posts: 1
Organisation: London Borough of Hounslow
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How are you implementing the 1% rent reduction in 19/20?
The PF article (https://www.publicfinance.co.uk/opinion/2018/12/upcoming-leap-year-could-pose-challenge-housing-accountant?utm_source=Adestra&utm_medium=email&utm_term)suggests that a rent reduction of more than 1% is required to reduce the amount tenants paid by 1% in 19/20 compared to 18/19 due to the extra day.
Reducing rent by more than 1% this will reduce the rent base in future years. Advice greatly appreciated.
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Joined: 1/8/2019(UTC)
Posts: 1
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On the 4th January the LGA published a briefing note. https://www.gov.uk/guida...16-social-rent-reduction
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