Examples of Broad Market Rental Area in a sentence
Crawley and Horsham are within the VOA’s defined Crawley & Reigate Broad Market Rental Area (BMRA) for LHA; while Mid Sussex is split such that the northern part of the District is within the Crawley & Reigate BMRA while the southern part (south of Hassocks) is within the Brighton & Hove BMRA.
Prior to evaluation of Bids, the Authority shall determine whether each Bid is responsive to the requirements of this RFP.
Intermediate rent levels are set at a maximum of 80% open market rental value but should not exceed the prevailing Local Housing Allowance for the respective Broad Market Rental Area and no.
The subsidy is also limited by an upper cap based on the Broad Market Rental Area (BRMA) of the accommodation.
This is limited by the DWP to 90% of Local Housing Allowance for the Broad Market Rental Area as set in 2011 plus a fixed amount of costs for management and maintenance (currently £60 per week).
Although there is a maximum LHA rate within a Broad Market Rental Area for properties with different number of bedrooms (up to a maximum of four), the actual level of assistance a claimant receives depends on their individual circumstances as LHA is a means tested benefit.
LHA rates are calculated based on evidence from a Broad Market Rental Area (BRMA) and, although not confirmed, the BRMA is likely to cover the same area as the South Cumbria locality.
As a result, affordable rents are reviewed in line with the Local Housing Allowance each year, with an indication that these allowances may be increased by 3% from April 2018 for the Cambridge Broad Market Rental Area.
Walton Broad Market Rental Area – see definition appendix 4 glossary of termsThe Strategic Housing Market Assessment 2016 for Mole Valley12 states that in 2015, the median private sector rent to the median income was a ratio of 29%.Additional assistance through Discretionary Housing Payments is available from the Council to those in receipt of benefits to help them pay their rent.
Longer term leased accommodation is currently acquired in surrounding local authority areas within the Broad Market Rental Area.