What is a 53-week rent year?

Rykneld Homes charge rent weekly on a Monday.

Most years, there are 52 Mondays in a year meaning the rent is charged for 52 weeks, however, every 5-6 years, there are 53 weeks.

In 2024/2025, there are 53 Mondays on which rent will be charged from 1st April 2024 to 31st March 2025.

How will I calculate my rent?

If you pay weekly, you need to continue to pay the new weekly rent from 1st April 2024 for the 53 weeks of the year.

If you pay monthly, you need to multiply your weekly rent by 53 and divide by 12.

For example: Weekly rent of £100 x 53 / 12 = £441.67 per calendar month.

What if I claim Universal Credit?

If you claim Universal Credit, the Department of Work and Pensions (DWP) calculate your monthly rent by multiplying the weekly rent by 52 weeks and dividing by 12 months.

When there is an extra rent week as in 2024/2025, you will need to cover the extra week either in one payment or by increasing your monthly payments.

If you pay by Direct Debit, we will automatically adjust your payments.

If you are on an Alternative Payment Arrangement and the DWP pay RHL directly, you will need to make up the shortfall yourself.

What if I claim Housing Benefit?

Housing Benefit will cover the 53-week rent year.

What if I pay by Direct Debit?

Rykneld Homes will automatically update your direct debit with the correct calculation for the 2024/2025 rent year by multiplying your rent by 53 and dividing by 12.

What if I pay by monthly standing order?

If you pay by standing order, then you will need to make an adjustment to your monthly payments based on your new rent multiplied by 53 and divided by 12.

You will need to contact your bank directly to update your standing order.

What if I am struggling?

Please contact the Rents team at Rykneld Homes to discuss your circumstances and a payment plan or for a referral to our Financial Inclusion Officer.