Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
Assuming the Liberal Democrats ever get near government again, their members have voted for the policy proposal of banning Section 21 at their party conference in Bournemouth.
This policy will presumably feature in next Lib Den manifesto and may or may not have time to be updated following the government consultation that is due to be completed on the 12th of October.
David Cox, chief executive at ARLA Propertymark, responded: “The vote at the Liberal Democrat Conference is another attack on the private rental sector and landlords operating within it. The effects of the tenant fees ban have not yet been felt, and yet more proposed legislation could deter landlords from operating in the market.
“Although in the majority of cases there is no need for Section 21 to be used, there are times when a landlord has no choice but to take action and evict tenants from a property.
“The proposed commitment will only increase pressure on the sector and discourage new landlords from investing in buy-to-let properties. This comes at a time when demand is dramatically outpacing supply, and rent costs are rising.
“ARLA Propertymark will be engaging with the Liberal Democrats to ensure they fully understand the consequences of any changes, and all changes are based on evidence, so landlords have the ability to regain their properties if needed.”
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