FAQs

What is the Rent assessment committee?

During the initial fixed term of an Assured Shorthold Tenancy, the Tenant has the right to refer the rent to the Rent Assessment Committee, if it is ‘significantly in excess’ of the market rent for comparable properties. Although there is no rigid rule this probably means that the rent payable by the tenant is more than 10% above ‘the going rate’ for the particular property. The committee can then make a determination limiting the rent to a market rent. The Landlord cannot charge more.