Scott’s comments in the Property Wire:
“This considerably increases the freedom of tenants to end their tenancies if their circumstances change, but it will lead to yet greater uncertainty for landlords faced with the prospect of losing their rental stream before they are able to find a suitable replacement tenant.”
Periodic tenancies are generally seen as a bad thing for letting agents, who will lose a significant revenue stream in the form of tenancy renewals.
Click here to read the full article: Renters’ Rights Act: What we know so far – PropertyWire
Scott’s comments in Edward Fennell’s Legal Diary:
“Most of the comments on the Renter’s Rights Act have been on the abolition of no-fault evictions. However, another equally important development is the introduction of a tenant’s right to terminate their tenancy on not less than two months’ notice. This considerably increases the freedom of tenants to end their tenancies if their circumstances change, but it will lead to yet greater uncertainty for landlords faced with the prospect of losing their rental stream before they are able to find a suitable replacement tenant.”
TOPIC: The Government’s defeat in the House of Lords over the Employment Rights Bill and its return to the House of Commons
Click here to read the full article: Diary news plus insights, commentary and appointments from the legal world – The Legal Diary
For further information, please contact Scott Goldstein, Partner in the Litigation, Arbitration & Dispute Resolution department, or alternatively, telephone 02074654300.
