11 Oakley Drive London s.e.9 2HQ LON/00AD/F77/2023/0405

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00AD/F77/2023/0405
Between
Mr & Mrs KaneApplicantLondon & Quadrant GroupRespondentMr & Mrs KaneTenantLondon & Quadrant GroupLandlord
Before
J A Naylor FRICS FIRPMDate 5 February 2024Property: 11 Oakley Drive, London, SE9 2HQ

DECISION

The sum of £196.00 per week will be registered as the fair rent with effect from 5th February 2024 being the date the Tribunal made the Decision. ____________________________________ © CROWN COPYRIGHT 2023 FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 2 SUMMARY REASONS Background[1]Following an objection from the Tenant to the determination of a fair rent by the Rent Officer, the Tribunal has made a determination under the provisions of the Rent Act 1977. Inspection[2]Tribunal did not inspect the property but considered this case on the basis of the papers provided by the parties. Evidence[3]There were no written submissions from the parties. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the area, we consider that the open market rent for the property would be in the region of £415.00 per week. From this level of rent we have made adjustments in relation to: The lack of white goods provided by the Landlord The tenants liability for floor coverings The tenants decorating liability The fact that the property has partial central heating .[5]The Tribunal has also made an adjustment for scarcity.[6]The full valuation is shown below: Market Rent £415.00 Per week Less adjustments for ; The lack of white goods provided by the Landlord The tenants liability for floor coverings The tenants decorating liability The fact that the property has partial central heating . approx.22.5% £ 93.37 £321.63 Less Scarcity approx. 20% £ 64.32 £257.31[7]The Tribunal determines a rent of £257.31 per week 3 Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £257.31 week. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £196.00 per week including services of £4.37. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £196.00 per week is to be registered as the fair rent or this property. Chairman: J A Naylor FRICS Date: 5TH FEBRUARY 2024 . APPEAL PROVISIONS These summary reasons are provided to give the parties an indication as to how the Tribunal made its decision. If either party wishes to appeal this decision, they should first make a request for full reasons and the details of how to appeal will be set out in the full reasons. Any subsequent application for permission to appeal should be made on Form RP PTA