28 Bessborough Place, London SW1V 3SG LON/00BK/MNR/2024/0247
DECISION
The Tribunal determines a rent of £1,400 per calendar month with effect from 8 October 2024. ____________________________________ © CROWN COPYRIGHT 2023 FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 2 SUMMARY REASONS Background[1]On 27 February 2024 the Landlord served a notice under Section 13(2) of the Housing Act 1988 which proposed a new rent of £1,289 per month in place of the existing rent of £1,185 per month to take effect from 5 April 2024.[2]On 3 April 2024 under Section 13(4)(a) of the Housing Act 1988, the Tenant referred the Landlord’s notice proposing a new rent to the Tribunal for determination of a market rent. The Tenant’s referral was received by the Tribunal on 3 April 2024. Inspection[3]The Tribunal did not inspect the property and neither party requested one. The Tribunal considered this case on the basis of the papers provided by the parties. Evidence[4]The Tribunal has consideration of the written submissions provided by the Tenant. There were no written submissions from the Landlord. Determination and Valuation[5]Having consideration of our own expert and 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 £2,000 per calendar month. From this level of rent we have made adjustments as per the valuation below: per calendar month Market Rent £2,000 Less Modernisation required ) 30% £600 £1,400[7]The Tribunal determines a rent of £1,400 per calendar month. Decision[8]The Tribunal therefore determined that the rent at which the subject property might reasonably be expected to be let in the open market by a willing Landlord under an assured tenancy was £1,400 per calendar month.[9]The Tribunal directs the new rent of £1,400 to take effect on 8 October 2024. The Tribunal was satisfied that a starting date of that specified in the Landlord’s notice would cause the tenant undue hardship. 3 Chairman: Mrs S Phillips MRICS Date: 8 October 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 request for full reasons should be made within a month. Any subsequent application for permission to appeal should be made on Form RP PTA.