A manifesto for tenants has been described as a rant by the RLA. Published by Generation Rent – formerly the National Private Tenant Organisation (NPTO), and is believed to have been funded by a grant from Nationwide – the manifesto is based on prejudice towards private landlords.
The idea of ‘mandatory capital share’ would “wreck investment” in the PRS, says Richard Jones, RLA policy director. The PRS has extra tax burdens that social housing is not subject to and further restrictions and charges would result in landlords leaving the PRS and ‘disinvestment’ in properties, he adds.
Minimum length of tenure and abolition of section 21 notices are also included in the “Renters’ Manifesto”. Tenants will not benefit from minimum length of tenure as flexibility of the PRS is a major attraction of the sector, says Richard Jones. He further criticises proposals to abolish Section 21 which will skew power towards tenants.
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