Tenants to be given right to demand three year letting agreements from their landlords
On the face of it this looks like very good news for people who can find somewhere to rent giving them a stake in the communities they have grown up in rather than being driven away by high house prices or vulnerable tenure as a renter. The article tells us:
Tenants are to given the right to demand three year letting agreements from their landlords.
James Brokenshire, the Housing secretary, will set out plans to give private tenants greater security in their homes.
The Government hopes that offering longer term contracts will enable tenants to put roots down and feel part of local communities.
Both tenants and landlords will be allowed a six month break clause in the agreements so both sides can walk away if there is serious disagreement.
Landlords will be permitted to increase levy once a year increases to rents to ensure they keep pace with any interest rate changes.
Officials said the plans would “help renters put down roots, and give landlords…