Your rent and service charges
Rents for our properties are set using the Eildon Housing Association Rent Policy. A rent policy is a legal requirement for all registered housing associations.
We are a non-profit organisation We have to charge a basic rent to cover our costs. These include:
- One-off repairs and maintenance
- Regular maintenance
- Provision for covering future major repairs and modernisation
- Loan charges
- Housing administration
Our Rent Policy takes account of our business requirements, good value for tenants and rents charged by similar landlords.
Rent and service charge information
We set a basic rent each year for our most common house type which is a single person flat with a separate bedroom.
Rents are reviewed in April each year, in line with our Rent Policy.
We use this as a basis, then apply a formula to take account of size of property, flat or house, number of bedrooms, and other elements. This gives the basic rent for each property.
From 1 April 2023, for most tenants, basic rent increased by 7%.
If you’re a general tenant, you will have a single rent charge which includes service charges for:
- common grounds maintenance
- cleaning of communal areas
- electrical supplies in common areas