The procedure to create a national average target rent is as follows:
- Navigate to Quick Menu > Rents > Configuration > Target Rent. The Target Rent window is displayed.
- Click on New National Average. The National Average window is displayed.
- Enter the 1999 valuation figure into the field provided i.e. the estimated value of the property arising from the English House Condition Survey.
- Enter the National average rent value into the field provided i.e. the average monthly rent.
- Enter the National average earnings value into the field provided i.e. the average monthly salary.
- Choose an Effective from date for this national average record i.e. the date on which it came into effect
1.
- Choose an Effective to date if the national average record is to be reviewed on a specific date or to capture a change of circumstances; a blank field means the national average record will be continually valid.
- Click on Confirm. The new record is displayed in the National Averages summary table 2.
- Click on Save 3.
Note
1 The Effective from date defaults to the current system date and cannot be left blank.
2 Only one national average record can be effective at any one time; where dates overlap the end user will need to revise the entries accordingly.
3 To amend the details of an existing national average record, double-click on the desired row in the National Averages summary table and repeat steps 3 through 9.
See related topics...
Rents setting maintenance overview
To create a county average earnings threshold
