Agenda item

Report of the Director of Community and Children’s Services.

Members considered a report of the Director of Community & Children’s Services which reviewed the rent for homes on the Barbican Estate, let under City of London tenancies.  In assessing potential rent increases, the market value of properties was ascertained and two Estate Agents were appointed to assist with this review.

RESOLVED – That the following increases be implemented over 2016 rental levels effective for all tenants renewing their leases from 1 July 2017 to 30 June 2018. 

·         Studio flats 8.25%

·         1 bedroom flats 1.94%

·         2 bedroom flats 3.73%

·         3 / 4 bedroom flats 2.62%