HOUSE RENTS.
ro THE EDITOH. Sir, —Rents of houses, flats, etc., seem to be all out of plumb. Take a place of market value £1,300. Kent will be somewhere about £2 a week. Tf interest on £1,300 is 4 per cent, in a bank, why should rent not be fixed at the same rate, plus rates? Take for another instance four flats, cost of building, say, £3,500. The flats today bring £2 10s a week—that is, up to £SOO a year on rents. In eight or nine years all the capital is back, so why not reduce the rents to a rate of interest basis ? I should think the Fair
Rents Act should have dealt with this. £3,500 at 4 per cent, is equal to £2 10s a week on all flats. Give £1 for rates a week and allow £1 10s a week for repairs. This makes a total rentable value on the property of £5 a week. Therefore four flats at £5 a week would make each rent £1 ss, 60 the rents should be set between £1 5s and £1 10s.—I am, etc., ' Let Live. May 9.
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Evening Star, Issue 25172, 11 May 1944, Page 7
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190HOUSE RENTS. Evening Star, Issue 25172, 11 May 1944, Page 7
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