Domestic Rent Policy Domestic rents are inclusive of rates and management fees, and have all along been maintained at a low level because of the provision of premium-free land and capital injections by the Government to the Housing Authority. Rents are calculated on the basis of internal floor area.
Rent Assistance Scheme (RAS) The Rent Assistance Scheme , which was first introduced on 1 September 1992, aims at granting relief in the form of rent reduction to domestic tenants in public rental housing and licensees in interim housing who are facing temporary financial hardship.
A Rent-free Period of 14 Days It has been our practice to hand over keys of the new flats to the tenants immediately after signing of tenancy agreement despite the fact that the tenancies only commence a few days afterwards. To make sure that all tenants are given the same rent-free period, the Housing Department has, since 1993, standardized the practice by granting a rent-free period of 14 days to all new tenants at intake.
Housing Subsidy Policy (HSP) Tenants who have been living in public rental housing for 10 years or more are required to declare household income biennially. Those who choose not to declare their household income and those with a household income exceeding the corresponding Subsidy Income Limit are required to pay either 1.5 times or double net rent plus rates as appropriate.
Policy on Safeguarding Rational Allocation of Public Housing Resources PRH Households paying double net rent under the HSP have to declare household assets at the next cycle of declaration. Those who choose not to declare their household assets or those with household assets exceeding the corresponding Net Asset Limits are required to vacate their PRH flats. If they have a temporary housing need, they may apply for a fixed term licence for a temporary stay in their PRH for a maximum period of 12 months, during which monthly licnece fee equivalent to the market rent level is to be paid.
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