With rents rising nationally year on year in the South East there are those circling in governmen...
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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