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Friday, September 04, 2015

SNP's proposals for Scotland's rental sector

If I was a landlord of Scottish rental properties I'd be seriously considering whether now was the time to sell.

Nicola Sturgeon set out the SNP's 'Programme for Government' in her speech at the Scottish Assembly in Edinburgh on Tuesday.

She announced -"Alongside our continued investment in affordable housing and help for homeowners, we will improve conditions in the private rented sector. Our Private Tenancies Bill will modernise a law that affects hundreds of thousands of tenants and landlords across Scotland. 

The Bill will improve security for tenants and provide clear rights and safeguards for landlords. I can also announce today that the Bill will include provisions for rent controls in rent pressure areas."

The aim of the SNP's proposed Private Tenancies Bill are to:
  • Replace the Assured Tenancy with a Scottish Private Rented Tenancy.
  • Remove the ‘no-fault’ ground for repossession, meaning a landlord can no longer ask a tenant to leave simply because the fixed-term has ended.
  • Provide comprehensive and robust grounds for repossession that will allow landlords to regain possession in specified circumstances.
  • Provide more predictable rents and protection for tenants against excessive rent increases, including the ability to introduce local rent controls for rent pressure areas.
  • Create a more streamlined, clearer to understand tenancy system that is fit for the modern private rented sector.

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