I recently presented at a HQN rent compliance event and the key takeaways were:
- Constantly review and sense check the quality of the rent setting data that you hold
- Keep an eye on RPI – which was 11.8% in June 2022 – because a lot of operating costs including wage increases may be based upon that inflation measure.
- The tenants will need more support as their living costs rise so make sure your Financial Inclusion Strategy is up to date and adequately resourced
- And the September 2022 CPI figure which affects next year’s rent increase will be published on the 19 October 2022