Friday, 27 November 2015

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Rent increase for 2011/12


Well spotted Melvin, but if all of those costs covered by rent - which are the debt cost (as with mortgages), maintenance and management of maintenance and income collection, tenancy administration - if all those costs are falling because of efficiency savings, job cuts etc - and if all those costs are already met through the existing value of the rent anyway, to such a degree that a surpluss was paid to the treasury - why should rents continue to go up until such costs increase? Or more simply - as cost is already being met and exceeded then there is no requirement to increase the rent, just because it has always been increased.

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