Thursday, 5 July 2018

Builders Of Rental Flats Welcome Move Towards Longer Tenancies


The bosses of some of London’s largest rental flats builders have shrugged off concerns that new longer tenancies could be bad for business. Communities secretary James Brokenshire has published proposals that could see landlords forced to give renters three-year contracts in a move to help them “put down roots”. Some small property owners warned the plan could make it harder to manage difficulties with problem tenants, while the National Landlords Association slammed a shift to “a more rigid system”. However, listed Telford Homes and developer Quintain, which are currently constructing 3700 rental homes in the capital, welcomed the update. Read more on the Evening Standard website.

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