10:40 AM, 30th August 2019, About 2 years ago 6
David Cox, of ARLA Propertymark, has written in the Daily Mail outlining a five point plan for the PRS that will encourage landlords to stay in the sector and give tenants a better deal.
In the article he detailed the plans as a new manifesto to be considered by the government:
1. Tax incentives
Tax incentives could be introduced for landlords benefiting tenants, such as those providing longer-term tenancies.
This could include reinstating the tax reliefs that landlords can claim on their mortgage interest.
2. Open database for rogue landlords
The database for ‘rogue’ landlords should be available to the public and not just for local authority access otherwise what is the point. Currently the database only contains 12 names.
3. Licensing of estate agents
The previous government said it was committed to the new licensing and it is the right thing to do as it will clean up the industry and its reputation. We hope that the new government will take it forward.
4. Reform the court system
After the proposed ban on Section 21 a dedicated housing court should be introduced to cut the time it takes landlords to gain possession of a property.
5. Introduce a property MOT
Properties, like cars, could become subject to an annual MOT to ensure they meet statutory requirements.
It would mean that local councils could get rid of much more expensive licensing schemes that are currently in place and improve enforcement. A property MOT would give landlords a steer on what maintenance they need to do and it would improve the health of a property for tenants.
This could be a massive step forward. It would be replacing the old regulation that doesn’t work, with one that does. And it would be much more effective in maintaining standards.
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