Thursday, 31 October 2013

Shelter's Fixed-Term Contracts Will 'Fatally Undermine' PRS

Proposals by housing charity Shelter to introduce fixed-term contracts into the private rented sector and bans on real rent changes within them are poorly thought out, according to a report commissioned by the Residential Landlords Association. The report warns that the plans would “fatally undermine the huge increase in the PRS of the past two decades” and that “accommodation shortages would grow” with vulnerable low income groups likely to be amongst the greatest losers as a result. Landlords would face higher risks and lower returns; while the beneficiaries amongst tenants would be few and the losers many.  Download a copy of the report from the RLA website.

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