Flat 102 Bedford Gardens House, 13 Bedford Gardens, London, W8 7EE LON/00AE/F77/2024/0230
DECISION
The sum of £3,036 per quarter will be registered as the fair rent with effect from 24 September 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 Evidence[3]The Tribunal has consideration of the written submissions from both parties together with the Rent Officers calculations for the current registered rent. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the Notting Hill area, we consider that the open market rent for the property in a good and serviceable condition would be in the region of £6,900 per quarter. (£2,300 per month) From this level of rent we have made adjustments in relation to: the damp and mould to the basement main walls, central heating installed by the tenant, no white goods, no carpets or curtains, dated kitchen and bathroom fittings and terms of the tenancy which equates to approximately 45%[5]The Tribunal has also made an adjustment for scarcity at 20%[6]The full valuation is shown below: Market Rent £6,900 pq Less approx. 45% £3,105 Terms and condition Leaves £3,795 Less Scarcity approx. 20% £759 Leaves £3060 pq 3[7]The Tribunal determines a rent of £3,036 per calendar quarter Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £3,036 per quarter. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £3,136.50 per calendar quarter. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £3,036 per quarter is to be registered as the fair rent for this property effect from 24 September 2024 being the date the Tribunal made the Decision. Chairman: Duncan Jagger MRICS Date: 24 September 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