The RLA has published a document in response to the Labour Party’s series of consultations into the private rented sector.
A Private Rented Sector for All sets out the RLA’s proposals in three key areas; namely:
- Protecting families and the vulnerable: The RLA’s longer term tenancies proposal – The RLA believes that the existing assured shorthold tenancy agreement model can be utilised to provide a highly beneficial solution for both tenants and landlords, which could allow mutually-agreeable tenancies to last for as long as five years.
- Protecting good landlords, eradicating criminals, reducing red tape: The RLA’s two-path approach to regulation – The RLA has serious misgivings about Labour’s proposals for a national register for landlords, and rightly so, with an estimated cost of £300 million. Instead, the RLA favours a ‘two-path’ approach to regulation, with good landlords governed by a national, self-regulatory accreditation scheme, and non-compliant landlords dealt with via enhanced, local enforcement action.
- Delivering investment with a Manifesto for Growth – The RLA has developed its Manifesto for Growth, which contains ideas of how further growth and investment in the private rented sector can be delivered. Whilst the Association welcomes institutional investment, it is also acutely aware that such investment will not reach the 90 per cent of smaller investors in the sector, and that these individuals and organisations require support and assistance in delivering further growth to the market. Therefore, the RLA believes a series measures – including tax reform, the release of publicly-owned small plots, and the auction of empty properties – will help drive new growth in the sector
Speaking after the submission of the document to Labour’s consultation process, Richard Ashton, the RLA’s policy and communications manager, said, “The RLA hopes that the proposals outlined in A Private Rented Sector for All will help guide and assist the Labour Party in developing its proposals for the private rented sector between now and the next General Election.
“The RLA believes that politicians need to look beyond the use of further regulation and bureaucracy to tackle perceived problems in the private rented sector. Red tape should not replace red tape.
“The Association is quite clear in its belief that a national register of landlords is not the cure for any ills within the sector. What is required is better management not more bureaucracy.
“Instead, the RLA believes that its ideas around the issues of longer term tenancies, regulation, and investment and growth will deliver the types of improvements desired, without adding to the sector’s regulatory and financial burden.”
Read the RLA’s ‘A Private Rented Sector for All’.