Rent policy for residential housing
19N Rent policy for residential housing
This section applies to a BTR provider or HIF provider that receives funding to provide a housing service for residential use.
The BTR provider or HIF provider must—
keep a rent policy for the housing service; and
implement the rent policy for the housing service consistently and fairly.
The BTR provider or HIF provider must comply with subsection (2) even if rent is not paid for the housing service.
However, if a tenant pays rent for the housing service, the BTR provider or HIF provider must keep a record of rent calculations for the tenant for the period required under the funding agreement.
In this section—
rent policy, for a housing service for residential use, means a policy that—
states the criteria and procedures relating to rent paid by a tenant for the service, including, for example, about—
setting the amount of rent; and
calculating rent payments; and
collecting rent; and
managing rent arrears; and
provides for—
explaining rent calculations to the tenant and dealing with their queries about rent; and
giving the tenant a choice of ways to pay rent; and
preventing the tenant from getting into serious arrears of rent; and
complies with the funding agreement for the service.
tenant means an individual to whom a housing service is provided for residential use.
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