Kingdom Housing / Housing Services / How Your Rent Is Spent

How Your Rent Is Spent

It’s important to know how your rent is being spent.

That’s why at Kingdom we provide a breakdown of how every penny in every pound of rent money is spent.

Management expenses: £0.30

This includes staffing costs, costs of managing and maintaining business premises and equipment, and business administration costs.

Provision for future component replacement: £0.20

Funds for supporting new property development and planned maintenance for existing properties including new windows, doors, bathrooms and kitchens.

Repairs: £0.16

This includes routine, urgent and emergency repairs.

Amount available to meet future costs: £0.16

Interest on loans: £0.15

Services: £0.03

This includes services provided to communal areas such as landscaping, lighting and cleaning services.

 


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