The Vale of Aylesbury Housing Trust has confirmed an average annual rent increase for its tenants of 3.62%.
The rise is effective from April 1 and follows the application of the Government’s rent restructuring policy. Applying the restructuring policy means increases will vary from tenant to tenant.
Individual rent notification letters to the trust’s 7,000 tenants are being issued.
Linda Foster, the trust’s finance director, said: “It is important to remember that the money received from rent forms the largest part of the trust’s income and is vital in allowing us to continue to deliver all of our services to residents. However, we understand that these are difficult times for many of our tenants, and would urge those who think they may have difficulty in meeting their rent payments to contact the Trust without delay.”