Gentoo rents across Sunderland to rise by £1.75 per week

LETTERS DESPATCHED: Gentoo tenants will learn this week how much their rents will go up.
LETTERS DESPATCHED: Gentoo tenants will learn this week how much their rents will go up.
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THOUSANDS of Gentoo tenants will see their rent rise by less than £2 a week on average this year.

Letters will start hitting doormats across the city this week, outlining how much weekly rates are set to rise.

The average rent will rise by £1.75 a week, up from £79.67 to £81.42.

The average for one-bedroom properties will go up to £71, two-bedroomed to £80 and three-bedroomed to £87.

Gentoo Group chief finance officer Jason Ridley said rent rise levels were tied into the inflation rate the previous September: “The rent increase depends upon the inflation level that the Government prescribe,” he said.

“Taking account of the Government guideline for rent increases, the average Gentoo rent across the city will increase by 2.2 per cent to an average of £81.42.

“Ensuring we deliver great value for money for our customers is really important to us. Customers are at the heart of our business and we work closely with them to tailor our products and services around their needs.

“The annual rent increase goes alongside Gentoo’s continued investment in our properties and neighbourhoods and a wide range of people focused services, from helping people manage their money and live well and independently, to young persons’ tenancy support and helping people to learn new skills and find work.

“Our aim is to give people the opportunity, support and skills to help fulfil their potential.”