The private rented sector

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Posted on: 18 July 2013
By: mackene
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Filed under: News

The House of Commons Communities and Local Government Select Committee has published the findings of its inquiry into the private rented sector. It was against the backdrop of steady growth of the sector that the Committee decided to conduct its inquiry. The growth has put the spotlight on four key issues, and these have been central to developing a thriving market and to the inquiry. First, there is a common view that more should be done to raise standards of property and management in some parts of the sector. Second, concerns have been raised about the lack of regulation of letting agents and the extent of sharp practice by some agents, in particular the fees they charge to tenants and landlords. Third, especially with the increase in the number of families living in the sector, there have been calls by some for much greater security of tenure. Finally, there is widespread lack of awareness amongst both tenants and landlords about their respective rights and responsibilities and about the law covering the private rented sector.

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