Reform of British private rented sector recommended
Reform of British private rented sector recommended
The Law Commission has announced plans to reform Britain's private rented and buy-to-let market. The plans focus on tightening the regulation of, and improving the standards in, the market.
The reforms of the
private rented and buy-to-let market are intended to improve the sector's self-regulation, reports The Financial Times. Under the planned reforms, laid out in the report
Housing: Encouraging Responsible Letting, a housing standards monitor would be set up to ensure quality in the market.
The Law Commission's report also recommended a single code of housing management practice for landlords, making landlord accreditation schemes available in every local authority area and creating a pilot programme for home condition certificates.
The report, presented to parliament yesterday, was written following consultation with both landlords and tenants. The Law Commission also recommends that independent evaluation and development is carried out with regards to appropriate incentives to make the reform programme attractive to landlords.
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