QBD 26 January 1989 The appellant (R), a registered housing association , was landlord of a large number of dwellings held on housing association tenancies under Rent Act 1977 s86 . The rents were registered as fair rents on 12 February 1988. This decision is being challenged. The rent includes a sum for depreciation of the lift cage, warden call system, TV aerial, fire-fighting equipment, cleaning equipment and guest room furniture, notwithstanding that the landlord requested that no sum be included for these items. Therefore the landlord was challenging the rent on the basis that it was too high. The reason for this being that R receives from central government housing association grant under Housing Associations Act 1985 which includes depreciation on capital equipment . R does not wish to pass on this burden as it will be met out of housing association grant. Held in favour of the Rent Panel on the grounds that the rent should be set on the basis of the property not on that of th