Flat 14, Benson House, Hatfields London SE1 8DQ LON/00AY/F77/2024/0674

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00AY/F77/2024/0674
Between
Mr David SmithApplicantGrainger Invest 1 LLPRespondentMr David SmithTenantGrainger Invest 1 LLPLandlord
Before
Mr A. Parkinson MRICSDate 21 January 2025Property: Flat 14 Benson House, Hatfields, London, SE1 8DQ

DECISION

The sum of £230 will be registered as the fair rent with effect from 21 January 2025, being the date the Tribunal made the Decision. ____________________________________ © CROWN COPYRIGHT 2025 SUMMARY REASONS FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 2 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]The Tribunal did not inspect the property but considered this case on the basis of the papers provided by the parties. Evidence[3]The Tribunal has consideration of the limited written submissions provided by the Tenant. There were no written submissions from the Landlord. 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 in good tenantable condition would be in the region of £550 per week. From this level of rent we have made adjustments in relation to: No central heating Tenant repair and decoration liability No white goods, furniture, floor or window coverings[5]The Tribunal has also made an adjustment for scarcity.[6]The full valuation is shown below: per week Market Rent £550.00 Less No central heating ) Total Tenant repair and decoration liability ) approx. white goods, furniture, floor or window coverings ) 25% -£137.50 £412.50 Less Scarcity approx. 20% £ 82.50 £330.00[7]The Tribunal determines a rent of £330 per week. 3 Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £330 per week. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £230 per week. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £230 per week is to be registered as the fair rent for this property. Chairman: Mr A. Parkinson Date: 21 January 2025 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 request for full reasons should be made within a month. Any subsequent application for permission to appeal should be made on Form RP PTA