Intermediate rent
Housing statistics and English Housing Survey, glossary, published by the Department for Levelling Up, Housing and Communities in 2019, defines intermediate rent as: ‘Sub-market rent where the rent must not exceed 80% of the current market rate (inclusive of service charge). This can include schemes with specific eligibility criteria, the reduced rent is an opportunity for the tenant to save towards a house purchasing deposit. As part of the intermediate rent arrangement there may also be a future opportunity to purchase the property (or a share of the property) currently being rented.’
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