NHC/ Abovo-consult – Checking and setting your rents
The issue of Rent Setting has been a complex issue over a number of years, and is an area of interest to the Regulator. NHC has teamed up with Abovo-consult to assist members to check current rents and ensure rent setting is done in line with the Rent Standard, using the Abovo Rent Model.
Abovo-Consult has been modelling social housing rents from Rent Restructuring guidance for many years.
With greater emphasis on maximising rental income from a range of tenure types, the Abovo Rent Model has been refreshed and updated to allow full analysis and rent planning and rent setting across all property and tenure types. Bespoke rent setting policies can also be included. Still providing the direct import of summarised weekly rent assumptions for both the Abovo Business Plan Model for HA’s and Fortress HRA Business Plan for Councils, it also provides populated templates for statutory returns. It now also allows the user to select sub-sets of properties to analyse rents and provide reports and forecasting over 30 years.
The initial population and set-up of the structure of the model is completed by Abovo’s expert advisers in consultation with the client. As part of the set-up, your social housing data will automatically be validated to include checks that the formula or target rent supplied is based on the capital values and bedroom size recorded for the property and to compare the actual rents to the Rent Standard and advise where rents may have breached the Standard. Using the outputs of the Rent Model, Abovo’s specialists can advise on methods of returning rents to within the Standard and assessing the financial impact of the options available.
