How your rent is set

Bury like all other local authorities had to change the way it calculated its rents with the introduction of Rent Restructuring. This came in with effect from April 2002. The Government introduced a new formula for the calculation of rents both for Local Authorities and those of Registered Social Landlords.

The new formula was seen as a fairer method of calculating rent, so that properties of a similar nature in build and value in the same location would have a similar level of rent regardless of who the landlord was.

In order to achieve these objectives the Government set out a formula for both Local Authorities and Registered Social Landlords. Originally, this had to be achieved over a ten year period and be completed by March 2012.

Under the new system the National Average Weekly Rent is used in a formula to calculate a Target Rent for each property on the following basis:-

70% of the rent is based on relative local earnings with weightings applied to reflect the number of bedrooms

30% of the rent is based on the relative property values

Target rents will increase each year in line with the Government's guideline for its sector- either Local Authority or Registered Social Landlord.

If you disagree with the rent which has been set for your home, you have the right to a review of the decision.  Please click on the following link for details of how to contact us.

Some sheltered properties have their heating provided from a communal boiler system.  The charge is set based on estimated levels of consumption for the coming year.

If you have a complaint or comment about communal heating charges, you can let us know using the online form.

How we spend your rent

Income from rents is used to pay for:-