§ Mr. BowisTo ask the Secretary of State for the Environment what steps he is taking to ensure that fair rents for regulated tenants in private properties are based on the same valuation as that made for council tax.
§ Mr. YeoNone. Fair rents are not based on the capital values of property with vacant possession, but are determined according to the rules set out in section 70 of336W the Rent Act 1977. The valuation bands to be used for council tax purposes are not suitable for setting rents. We have no plans to change the way in which fair rents are set for regulated tenancies.