We review your rent for the coming year at the start of each year. This year we approved a rent decrease of 1% from 2nd April 2018.
How rent is worked out
The rent for your property is based on a formula that the Government has set.
This formula takes in to account the value of a property, the number of bedrooms it has and the average income of people who live in Lincoln.
How we let you know if your rent changes
Changes to your net rent will come in to effect on 2nd April 2018. We will send you a letter in late February/early March to let you know about any changes in your rent. Your letter will tell you the weekly amount of rent to pay and will include any other applicable charges (for example water rates or community heating).
If you pay by direct debit
We will send you a letter letting you know of any changes to your direct debit at least two weeks before the change is due to begin. You will not need to do anything as we will let your bank know of any changes to your direct debit.
If you pay by standing order
If you pay your rent by standing order you will need to inform your bank of the new amount to pay as soon as possible.
If you need help
If you are having difficulty paying your rent please contact us so that we can provide you with help and advice, contact us on 01522 873333 or complete our online form.