To define a retail price index target rent level

The procedure to define a retail price index target rent level is as follows:

1. Navigate to Quick Menu > Rents > Configuration > Target Rent. The Target Rent window is displayed.
2. Click on RPI. The RPI tab is activated.
3. Click on New RPI Level.  The RPI window is displayed.
4. Enter the RPI value into the field provided.
5. Enter the RPI plus % into the field provided i.e. the variable inflation percentage used in the Government calculator for rent setting.
6. Enter the Uplift % into the field provided i.e. the fixed percentage value (currently 0.5%) used in the Government calculator for rent setting.
7. Enter the Uplift value into the field provided i.e. the fixed notional value (currently £2 per week) used in the Government calculator for rent setting.
8. Choose an Effective from date for this RPI target rent level i.e. the date on which it came into effect 1.
9. Choose an Effective to date if the RPI level is to be reviewed on a specific date or to capture a change of circumstances; a blank field means the RPI level will be continually valid.
10. Click on Confirm. The new record is displayed in the RPI summary table 2.
11. Click on Save 3.

Note

1 The Effective from date defaults to the current system date and cannot be left blank.

2 Only one RPI level 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 RPI level, double-click on the desired row in the RPI summary table and repeat steps 4 through 11.

See related topics...

Rents setting maintenance overview

To create a target rent bedroom weighting

To define a bedroom weighted rent cap level