Decision details

To vary the existing management agreement dated 23 December 2009 made between South Holland Homes and South Holland District Council to enable South Holland Homes to charge rent for its properties in accordance with the Rent Standard for Social Rent, as required by the Homes England.

South Holland District Council manages the rents for the properties owned by South Holland Homes in accordance with the terms of the management agreement dated 23 December 2009. The Board of Directors of South Holland Homes has agreed that, in accordance with the requirements of Homes England, the rent formula (including any successor rent formulae) to be used in relation to the Council’s social housing stock be applied to it own properties, including the formulae used to calculate the rent for tenancies of new properties. It has also agreed that the Company’s properties be subject to the same annual calculations as the Council’s social housing properties so that the Company’s rents increase or decrease at the same rate as the Council’s social housing rents. This has no effect upon the Council, but the Council is required to amend the management agreement to allow this to be contractually required.

No other options have been considered as the decision is necessary to enable South Holland Homes to charge property rent as required by Homes England.