With rents rising nationally year on year in the South East there are those circling in government committees to ‘control’ the rent rises to tenants. It’s a very reasonable and practical argument in theory as tenants would feel more secure and perhaps stay longer in properties. The reality I am afraid could lead to disaster. Why?
1) rents rises may actually be higher as a fixed increase could be min 5% per year.
2) there would be a disincentive for landlords to invest where there is a ‘control’ of the return made
3) In some parts of the country the local market may not warrant it…..
So our experience is most Belvoir! landlords take a view on : the local market, stability of tenant , condition of property during tenancy, hassle, voids and pure old ‘common sense’…Now there is no need to control that !
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