Prospect consult on Rent Increase Proposal 2019/20

Prospect would like to ask all their tenants for their views on their proposal to increase the rent and service charges.

Our proposal is to increase rent by 2.7% from April 2019. One of the aims of our Business Plan is to limit rent increases to 0.5% below inflation. We use the Retail Price Index to give us the inflation figure, and this year this figure is 3.2%. We have looked closely at all our expenditure planned for next year and beyond that, and believe that a rent increase of 2.7% will be sufficient to allow us to continue to provide a value for money service.

We want to make sure as many tenants as possible have a chance to share their views with us during this consultation so there are different ways available to take part.

  • You can complete an online survey here
  • You can complete and return the freepost postcard they have sent out to tenants
  • Let them know your mobile number and they will text you a survey link

You can find more information in the Rent And Services Charge Consultation 2019/20.

All tenants who take part in the survey will be entered into a prize draw to win one of 3 prizes of £50 Love To Shop vouchers.

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