How Rent Is Calculated
The rent and any associated service charge are agreed when you sign your Tenancy Agreement and are subject to an annual review in accordance with our Rent Setting Policy. Waverley Housing’s current rental policy is fixed and based on annual rent increases being no more than inflation+1%. This applies to all elements of rent and does not prevent restructuring of rents to ensure fair distribution between houses of similar size and type from time-to-time.
Rent is due weekly in advance. The rent week starts on a Monday and you must arrange to pay your rent on or before each Monday. Alternatively, you may select to pay your rent fortnightly or monthly (contact the office to make arrangements) but no matter how you choose to pay it, you should always pay in advance. Any outstanding balance is treated as rent arrears.
Rents are collected over 52 weeks of the year.
Waverley Housing sets rents according to its Rent Setting Policy and rents contribute to the costs of:
• Managing and maintaining our houses
• Improving properties (e.g. installing new kitchens/bathrooms at the end of their life)
• Rent loss through empty properties and abandonments
Rent and Service Charges are reviewed every year. Any changes have to be approved by the Board of Waverley Housing and we will write to tenants one month before the increase is due. Normally, rent increases are implemented at the beginning of the financial year (i.e. from 1st April).
Tenants are responsible for paying their own Council Tax. If you require further information on this please contact Scottish Borders Council on 0300 100 1800.