Flat 27 Vernon Court, Hendon Way, London, NW2 2PE LON/00AG/F77/2023/0254

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00AG/F77/2023/0254
Between
Mr V LafronzaApplicantNorthumberland & Durham Property Trust LtdRespondentMr V LafronzaTenantNorthumberland & Durham Property Trust LtdLandlord
Before
Mr A Harris LLM FRICS FCIArbDate 9 November 2023Property: Flat 27 Vernon Court, Hendon Way, London, NW2 2PE

DECISION

The sum of £11760.00 per year inclusive of £1714.39 for services will be registered as the fair rent with effect from 9 November 2023, 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 Landlord 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]The Tribunal has carried out an inspection of the property on 9 November 2023. Evidence[3]The Tribunal has consideration of the written submissions provided by the Tenant. There were no written submissions from the Landlord. Determination and Valuation[4]The Tribunal has to find two figures, the market rent adjusted for scarcity and the capped rent with the lower figure being registered.[5]Having consideration of our own expert, general knowledge of rental values in the area, we consider that the open market rent for the property in the condition and with the amenities the market would expect/ it’s current condition would be in the region of £21000.00 per year inclusive of services. From this level of rent we have made adjustments in relation to:a. The tenants improvements including the kitchen, wardrobes and double glazingb. No carpets curtains or white goods The Tribunal has also made an adjustment for scarcity.[6]The full valuation is shown below: Fair rent PA Market rent 21,000.00 £ less condition & terms 30% 6,300.00 -£ adjusted rent 14,700.00 £ less scarcity off adj rent 20% 2,940.00 -£ Fair rent 11,760.00 £ 3 Decision[7]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £11760.00 per year inclusive of £1714.39 for services. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £14213.50 per year. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £11760.00 per year is to be registered as the fair rent for this property. Chairman: A Harris Date: 9 November 2023 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