Published Date: Dec 11th, 2023
Councillors at Fife Council’s recent Cabinet Committee agreed to formally consult tenants on three options for rent increases for 2024/25.
Fife Council's spokesperson for housing Cllr Judy Hamilton said: “Every year we consult with tenants on rent options and it’s a really important decision for every household. Although December and January is a busy time of year, I hope that tenants will take this opportunity to have their say on rent options and let us know their housing priorities.
"We know people are under financial pressures. Prices are rising, heating your home is more expensive, all the services we require cost more, and most importantly the cost of the food we need to feed our families has increased.
"With the increased financial burdens being faced this year, it is more important than ever that tenants use their vote and tell us how they feel about the rent they pay. These votes will help us make informed budget decisions in February next year.”
This year, the council will consult on three options for rent rises for 2024/5 - 5%, 6% and 7%.
Cllr Hamilton explained: “For the past two years we’ve managed to keep rent increases below the rate of inflation.
“Although inflation is starting to come down we are still facing increased costs and the budget gap has grown to an estimated £8 million before any rent increase is agreed. Any increase below 7% means savings will need to made elsewhere and there will be challenges and pressures on the housing service to continue delivering services in the same way. There are difficult choices ahead.”
Targeted support is available for tenants who need help and tenants will also be surveyed on their priorities.
The survey will be carried out through the Down Your Street magazine. It will also be available online at www.fife.gov.uk/rent until 31 January to give tenants the opportunity to share their views before councillors take final budget decisions in February next year. The new rent level will be applied from April 2024.