DEVELOPMENTS IN FAIR RENT DETERMINATIONS

Abstract

Because the legislation has never provided rent officers with precise and unambiguous rules on which to base their fair rent calculations, the rationale underlying trends in fair rent levels has generally been difficult to discern. Evidence given to the House of Commons Environment Committee and interpretation of data released by the Department of the Environment, however, suggest that in recent years there has been a marked development in the interpretation of the statutory formula. Essentially this seems to have followed from a judgement that, overall, rents in some registration areas have been set at too low a level, and in practice the general level of rents in these areas has been rapidly increased.

Citation

DOLING, J. (1985), "DEVELOPMENTS IN FAIR RENT DETERMINATIONS", Journal of Valuation, Vol. 3 No. 1, pp. 42-52. https://doi.org/10.1108/eb007967