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Govt to unveil new code of conduct for landlords

Private renters will be able to demand rental agreements of up to five years as part of a new code of conduct for landlords, reports The Times.

Communities Secretary Eric Pickles will today unveil a “tenants’ charter” designed to put pressure on landlords to provide renters with greater security.

At present most contracts between landlords and tenants last between six months and a year.

According to The Times, the new charter will give tenants the right to request longer rental agreements of between two and five years which landlords will be expected to honour.

Addressing the Conservative party conference in Manchester today, Pickles is expected to say: “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. Today’s proposals will raise the quality and choice of rental accommodation, root out the cowboys and rogue operators in the sector, and give tenants the confidence to request longer fixed-term family-friendly tenancies.”

However, housing charity Shelter warned the proposals “lacked teeth”.

Speaking to The Times, a Shelter spokesman says: “There are lots of noises in the right direction but no real commitment to make this happen in practice. With the market showing the pressure of fast rising demand, renters must have real power to genuinely choose one type of tenancy over another.”

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  1. Instead of just tinkering with the buy to let market why doesn’t the government introduce proper rent controls as without these the market will always have a tendency to boom and bust.
    I believe that unless government take greater action in this area they will cause another property boom due to savers speculating in the housing market rather than looking at other or traditional savings. The property boom between 1997 to 2007 was solely based on BTL so we need to learn the lessons of this last boom and control residential rentable property, as if we don’t we will only be doomed to repeat the mistakes of the past.

    Many amateur buy to let investors underestimate the costs of owning a second home for let and do not realise that there are regulations and indeed TAX.

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