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socialrent

Social rent is a form of affordable housing rent charged by social landlords—primarily local authorities and housing associations—for homes allocated to tenants in the social sector. It is designed to be affordable for households with low incomes and is typically lower than private market rents. Social rents are distinct from other affordable housing options such as affordable rents, which can be set at higher levels relative to local market rents.

How rents are set: In the social sector, rents are usually established by the landlord in line

Who is eligible: Allocation is managed by local authorities and registered providers. Applicants typically must demonstrate

Regulation and oversight: In England, the Regulator of Social Housing oversees providers that own or manage

with
national
policy
and
regulatory
guidance.
Historically,
social
rents
in
parts
of
the
United
Kingdom
were
calculated
using
a
formula
linked
to
dwelling
size
and
local
income
levels,
resulting
in
rents
well
below
market
rates.
In
recent
years,
some
new
developments
in
England
have
used
affordable
rents
(up
to
around
80%
of
local
market
rent),
while
many
existing
or
legacy
social-rented
homes
continue
under
the
traditional
social-rent
framework.
The
exact
rent
can
vary
by
property
type,
location,
and
provider.
housing
need,
with
priority
given
to
those
who
are
homeless,
living
in
overcrowded
conditions,
or
with
other
assessments.
social
housing;
equivalent
bodies
operate
in
Wales
and
Scotland,
and
Northern
Ireland
has
its
own
framework.
Rent
setting
and
affordability
standards
are
intended
to
ensure
that
social
rents
remain
affordable
for
typically
low-income
households.