Member

Amendment 77, coupled with Amendment 89, would ensure that, where a tenant challenges a rent increase, the tribunal cannot determine an open market rent but would be limited to determining a rent increase no greater than the Bank of England base rate. This means that, if a Section 13 notice were given today, the maximum rent increase that could be applied would be 4.5%. I have not checked the rate in the last hour, so who knows? I hope that is correct.