Affordable Rent is a scheme introduced in 2011 [1] that provides rent at a cost above social rent, but below the market levels by usually 20% that includes service charges. It has become the main affordable housing supply in England and was designed to give tenants the ability to rent properties for a short fixed period of time such as 6 months.
These houses are regulated by the Regulator of Social Housing causing them to remain more affordable than renting via the private market. Additionally, depending on the landlord’s future plans you may be able to rent a property longer than the initial contract period. [2] This scheme is mainly for tenants who wish to stay at a property for a short term before moving but there is intermediate rent for tenants interested in longer term boarding.
References
[1] https://www.gov.uk/guidance/housing-statistics-and-england-housing-survey-glossary/a-to-z
