Rent Setting
We are committed to fair and transparent rent-setting. Here’s what you need to know about how your rent is determined and managed.
Our promise to you
Transparency:
We clearly explain how your rent is calculated.
Affordability:
We strive to keep rents affordable for everyone.
Support:
Struggling to pay? We’re here to help with advice and support.
Types of rents we offer
Social Rents:
These are calculated using a government formula based on property size, location, and local income. They may include a small adjustment if you live in one of our supported homes. Service charges are charged in addition to the rent.
Affordable Rents:
These are set at up to 80% of the local market rent or the Local Housing Allowance, whichever is lower. These rents are inclusive of service charges.
Fair Rents:
These rents only apply to tenancies that started before January 15, 1989. They are reviewed every two years by the Valuation Office Agency. Service charges are charged in addition to the rent.
Intermediate Rents:
These are set at 80% of local market rent and service charges are charged in addition to the rent.
Shared Ownership Rents:
These are based on your lease agreement and property value at purchase, and they are reviewed yearly. Service charges are charged in addition to the rent.
How we review rents
All rents are reviewed every year to ensure compliance with legal and regulatory requirements. The IDS Board approves all rent changes each year.
Contact us
Our Rental Income Team is ready to assist with any questions about our rents. For more information, just get in touch. We’re here to help and support you if times get tough.