Various industry bodies, including the NLA, met recently with Junior Housing Minister Heather Wheeler to discuss the government’s plans on, among other points, a consultation on how to encourage landlords to offer longer tenancies.
Launching a consultation on how to incentivise landlords in this regard was first raised by Chancellor Philip Hammond in last year’s Autumn Budget. Though the Chancellor’s announcement met with a positive response from the property sector, the NLA and other industry bodies are keen to make sure any new legislation the government introduces supports the diverse needs of those in the private rented sector.
The NLA’s aim is for the government to not simplify the issue, but to take into consideration the needs of all tenants and, for that matter, landlords.
Richard Lambert, CEO at the NLA, said: “We urge the minister and her colleagues to work with the NLA and others to ensure that any intervention made is necessary, proportionate and maintains a fair regulatory regime within which landlords can continue to run their business.”
Longer tenancies should bring greater stability and security for tenants, many of who are choosing to – or having to – rent for longer.
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Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.
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