Picture posting is enabled for all :)
The Rent will be reviewed by the Council every year. (Notification of any price change, which will take effect from the 1st April will be made known by the 1st February of each year ...The Rent shall be paid on the FIRST day of MARCH each year for the following 12 month period commencing 1st April.
I would be interested to know what you understand by this rent review term:QuoteThe Rent will be reviewed by the Council every year. (Notification of any price change, which will take effect from the 1st April will be made known by the 1st February of each year ...The Rent shall be paid on the FIRST day of MARCH each year for the following 12 month period commencing 1st April.So for the sake of argument say the rent is currently £30.00 and on 1 February notice is given of an increase to £40.00, effective 1 April. When you pay the rent on 1 March do you expect to pay £30, or £40?Thanks.
So the change will take effect from 1st April, but they want you to pay it a month earlier? That doesn't make sense to me.
QuoteThe Rent will be reviewed by the Council every year. (Notification of any price change, which will take effect from the 1st April will be made known by the 1st February of each year ...The Rent shall be paid on the FIRST day of MARCH each year for the following 12 month period commencing 1st April.So for the sake of argument say the rent is currently £30.00 and on 1 February notice is given of an increase to £40.00, effective 1 April. When you pay the rent on 1 March do you expect to pay £30, or £40?
Another thought..........the price change takes effect on 1st April, so on 1st March you pay March = £2.50 (£30 for 12 months, £2.50 for one)April - Feb = £36.60 (£40 for 12 months, £36.60 for eleven months)Making a grand total of£39.10!Makes sense to me. ;)