Lower Ground Floor Front, 42 The Gardens, London, SE22 9QG LON/00BE/F77/2023/0234

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00BE/F77/2023/0234
Between
Mr John AchesonApplicantGRIP UK PROPERTY INVESTMENTS LIMITEDRespondentMr John AchesonTenantGRIP UK PROPERTY INVESTMENTS LIMITEDLandlord
Before
Mr A Harris LLM FRICS FCIArbDate 26 September 2023Property: Lower Ground Floor Front, 42 The, Gardens, London, SE22 9QG

DECISION

The sum of £864.00 per calendar month will be registered as the fair rent with effect from 26 September 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 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 written submissions provided by the Landlord. There were no written submissions from the tenant.[4]The Landlord provided a schedule of other rents in The Gardens of unrefurbished studio flats at an average of £1250 per month. The subject flat is described as unrefurbished. The flat has central heating but no carpets, curtains or white goods. Determination and Valuation[5]Having consideration of the comparable evidence proved by the parties and our own expert, general knowledge of rental values in the area, we consider that the open market rent for the property in its current condition would be in the region of £1200 per calendar month. From this level of rent we have made adjustments in relation to: The tenants decorating responsibility and the lack of carpets, curtains and white goods[6]The Tribunal has also made an adjustment for scarcity.[7]The full valuation is shown below: Fair rent S70 PM Market rent 1,200.00 £ less condition & terms 10% 120.00 -£ adjusted rent 1,080.00 £ less scarcity off adj rent 20% 216.00 -£ Fair rent 864.00 £ 3[8]The Tribunal determines a rent of £864 per calendar month. Decision[9]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £864 per calendar month. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £1039.50 per calendar month. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £864.00 per calendar month is to be registered as the fair rent or this property. Chairman: A Harris Date: 26 September 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