Saturday, May 02, 2015

Labour casts gloom over rental sector

Labour has cast a shadow over the previously buoyant private rental sector with it's promise within 100 days of being elected of:

1. a rent cap on rental increases limiting them to no more than the rate of inflation
2. introducing a legal requirement for landlords to provide the tenant details of the rental levels charged to the previous tenant when re-letting a property
3. restricting tax relief for landlords who's property fall below 'basic' standards

Looks like it could be kick the landlord season.

To find out what the other political parties have in store for the rental sector

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2 comments:

  1. AnonymousMay 5, 2015 at 9:20 AM

    Restricting tax relief: what exactly does this mean other than a requirement to pay tax on money that is not actually earned. Tax reliefs are simply to account for actual expenditure (buying furniture for tenants, paying for insurance....).
    This is simply theft and will translate directly into higher rents -- but not allowed to do that either, so tenants will have to suffer in some other way to make up the shortfall.

    It is fairly clear that honest tenants and landlords should not vote Labour come Thursday.

    ReplyDelete
  2. AnonymousMay 5, 2015 at 9:21 AM

    Quite.

    ReplyDelete