Agenda item

Residential Rent Review

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

 

Minutes:

Members considered a report of the Director of Community and Children’s Services which sought approval for increases in residential properties on the Barbican Estate, let under City of London Corporation Tenancies.  In response to a question about the increase in the rental for studio flats, Member noted that there had been a disparity with the market rates and therefore the past 3 uplifts had sought to address this, resulting in the percentage increase set out below.  Members also noted that the Estate office had worked with local, reputable agents over a number of years in order to gain reliable comparisons. 

 

RESOLVED, that the following rent increases over the 2018 rental levels, effective for all tenants renewing their leases from 1 July 2019 to 30 June 2020, be approved as follows:

 

1.     Studio flats 0.41%

2.     1 bedroom flats 2.19%

3.     2 bedroom flats 2.05%

4.     3 / 4 bedroom flats 0.96%