The government is to introduce a series of measures that will encourage more family-friendly tenancies in the private rented sector. Communities secretary Eric Pickles announced the changes on Tuesday (October 2nd) and, when in effect, the reforms will see an increase in longer, fixed-term contracts, while raising industry standards. By giving people access to longer tenancies, it is believed Britons will be able to enjoy greater family stability, avoid hidden fees and be in a position to demand a fair deal from their landlord or letting agent.
According to Mr Pickles, the changes to the private rental sector are part of the government commitment to match support for the market to that of homeownership. However, this must be done without creating too many unnecessary rules and red tape, which will constrain the sector. The government believes that by offering more family-friendly tenancies, Britons will be able to get the best deal and the market will remain fluid.
Mr Pickles said: "The private rented market is a vital asset to this country, and plays an important role providing flexible accommodation for those who do not want to buy, or are saving up for a deposit. The last thing we want to do is hurt hard-working tenants by increasing costs and strangling the sector with red tape. But families deserve stability for their children, and all tenants deserve a good and transparent service from their landlords and lettings agents."
To ensure the government delivers on its aims, a model tenancy agreement will be created that sets out the rights and responsibilities of both tenants and landlords. This will give the market an industry benchmark for all future agreements and ensure longer tenancies are possible without changing the existing legal framework. What's more, the government claims costs for tenants and landlords will also be reduced, as they won't have to pay letting agents to arrange frequent contract renewals. A higher standard of information will also be made available to renters so they are aware of the types of tenancies available to them.
- Monday 07 October 2013