Thursday, 30 June 2011

Rules To Restrict Use of Two Year Tenancies

Regulations covering affordable rent will make it clear two year tenancies should only be used in exceptional circumstances, the housing minister has said. Speaking in a debate on the future of social housing in parliament, Grant Shapps said he did not expect to see any tenants being thrown out of their homes after two years. Under affordable rent, social landlords will be able to set rents at up to 80 per cent of market level and introduce fixed-term tenancies lasting as little as two years. Mr Shapps said tenancies this short would be very unusual. ‘I’m absolutely clear,’ he said. ‘Two years is to be used just in exceptional circumstances, and at least five years will be the norm.’ Read more on Inside Housing.

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