Friday, 10 June 2016

CLG Set Out Process For Rent Exemptions

The CLG has set out information and guidance for councils considering applications for exemption from the mandatory four year 1% rent reduction. The information and guidance makes it clear that the Secretary of State will only consider granting an exemption if it is the only way to avoid the authority's Housing Revenue Account falling into serious financial difficulties. Any council considering applying for an exemption from the mandatory 1% rent reduction will need to demonstrate that they have considered all other options for reducing expenditure in line with reduced rental income including looking at existing contractual commitments. Download the guidance from the CLG website.

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