Council Adopts Fixed-Term Tenancies and Market Rents

Westminster Council is to introduce fixed-term tenancies of five years for new tenants and may charge them the equivalent of full market rent. The details of the council's policy changes, which are in line with the Localism Act and will come into effect from 2013, are published in its new Housing Tenancy Strategy.  Fixed-term tenancies will apply to the majority of new tenants while the higher rents will be charged to those that exceed the Mayor of London's threshold for eligibility for affordable housing, currently set at £77,200 for households living in three bedroom homes. Read more on the Westminster Council website.