The Rent Standard limits the annual increase to CPI (Consumer Price Index as at September the year before) + 1%.
The CPI in September 2023 was 6.7%, which means that rents were increased by 7.7% in April 2024.
If you have an Assured Tenancy, the rent increase only applies to the rent element of your weekly charge and does not relate to any service charge that may be payable.
If you have an Affordable Rent Tenancy, the increase applies to the total charge that you pay each week.
If you are ever concerned about paying your rent or would like money or welfare advice, please call us on 0330 303 2222. Our welfare benefits advice line is available every Monday and Wednesday from 10am-1pm.
Service charges
Service charges are not linked to government policy and are based on the actual cost of providing the services during 2023/24, and any anticipated changes in the cost of providing the services in 2024/25.
A breakdown of charges is included in your annual Rent & Service Charge Notification letter, however if you would like more information on how your service charges are calculated, please contact your Rents and Income officer on 0330 303 2222.
Further information
If you would like more information on how your rent is calculated, please contact Cobalt on 0330 303 2222.