Our core lease costs (the amount which is paid to the private landlord) is based on affordable rent. On exception, where a property has been specially adapted, it would justify a higher lease cost. This is due to the limited levels of comparable suitable housing for exempt status accommodation.
Lets for Life adopts a transparent and realistic approach to rent setting. Our formula is clear and simple - it breaks for the rent and relevant service charges to an easy to understand itemised list.
We do not put in additional costs in our rent unless it is absolutely necessary.
The charity is committed in its belief not to build up huge reserves through rents - ensuring our rent and service charges are reasonable and appropriate. A recent comparison with housing associations offering similar accommodation and management showed Lets for Life to have a 42% lower rental figure.