Jul
03

RENTERS WOULD GET LONGER TENANCIES UNDER GOVERNMENT PLANS

Home repossessionsA minimum tenancy term of three years would be introduced under government proposals to give people renting homes in England more security.

Figures show 80% of tenants currently have contracts of six or 12 months and ministers say longer agreements would allow them to put down more roots.

They add tenants would be able to leave earlier under the plans while landlords would get more financial security.

Labour says the plans do not go far enough and rent rises should be capped.

Polly Neate, chief executive of housing charity Shelter, said loss of tenancy was “the main driver of homelessness” and called for the government to “go beyond three years”.

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