Annual rent setting
At Karbon we set our rents in line with government policy and guidelines from the Regulator of Social Housing, this is known as the Rent Standard.
The new Rent Standard for 2021 comes into force in April this year and allows for rent increases of CPI (consumer price index) +1% (CPI at 0.5%+1%=1.5%). As a result, we will be in increasing our rents by 1.5% from April 2021 onwards.
We will be closely monitoring any impact on our customers, especially in light of the COVID-19 pandemic. If you or someone you know is struggling to pay rent, are having money problems or just need some help and advice, please give us a call as there are many ways we can help. For example, our Money Matters Team can help with any debts, benefits maximisation and also give advice on household budgeting.
We aim to provide as many good quality homes as we can, and as a not for profit organisation, this year’s rent increase will help us to continue our investment in the improvement and maintenance of our existing homes, build new affordable homes, and help provide sustainable communities for our customers.