Valuation office agency and fair rent

Valuation office agency and fair rent

Valuation office agency rent officers

Rent Officers work within the private rented sector in England, providing valuation services for local authorities, landlords and tenants. Independent of commercial interests, Rent Officers work with thousands of professional landlords and letting agents to compile a unique view of the private rented sector. Rent Officer valuations and determinations are currently based on information from around half a million private rents agreed within the previous twelve months.

What is a Fair Rent?

Fair Rents are a form of rent control applicable for most private sector rented accommodation without a residential landlord and which was let before 15 January 1989. The Rent Act 1977 provides the rules for setting Fair Rents and the Rent Acts (Maximum Fair Rent) Order 1999 limits the amount of rent that can be charged by linking increases to the Retail Prices Index.

To learn more about The Valuation Office Agency and the role of the rent officer click on the following link to their website: http://www.voa.gov.uk/corporate/RentOfficers/index.html