Target Rent Policy
Decision Maker: Decision Session - Executive Member for Finance and Performance, Executive Leader (incorporating Housing & Safer Neighbourhoods))
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose of Report: The report proposes to raise the rent on vacant council homes to the target rent level.
The Executive Member is asked to agree that when council homes become vacant, the weekly rent is increased to the target rent level in order to maximise rental income.
Resolved: That Option 1, to increase the rent payable to Target Rent on a property when it becomes void, be approved.
Reason: To maximise the council’s income.
Report author: Tom Brittain
Publication date: 23/05/2016
Date of decision: 23/05/2016
Decided at meeting: 23/05/2016 - Decision Session - Executive Member for Finance and Performance
Effective from: 26/05/2016