LHA guaranteed to cover at least 30% of market rentsMake Text Bigger
The NRLA are welcoming the Chancellor’s package of measures to support people’s incomes during the Coronavirus outbreak.
The Residential Landlords Association and the National Landlords Association are pointing especially to the decision to ensure the Local Housing Allowance is guaranteed to cover at least 30% of market rents in a claimant’s area as a vital measure to support tenants and landlords. Combined with grants to cover up to 80% of wages, where workers are retained but are unable to work, this package will go a long way to sustain tenancies.
In a joint statement, the RLA and the NLA said:
“We warmly welcome today’s announcement by the Chancellor. It will give tenants and landlords much greater confidence that rents can be paid through the ongoing crisis which is clearly preferable to deferring rents through rent payment holidays.
“We will continue to work constructively with the Government to ensure everything possible is done to support tenants and landlords through these difficult times.”
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