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The continued growth of the private rental market is likely to result in additional regulations for landlords, says the owner of an independent residential property letting and management company in Wells. Stuart Nash, of Stuarts Residential, writes: Despite the downturn in the sales market, the UK rental market continues to grow and reports suggest that this trend will continue well in to the next decade. A recent study commissioned by the Joseph Rowntree Foundation suggests that by 2020, the number of adults aged from 18 to 30 living in private rented accommodation will increase from 2.4 million to 3.7 million. Other reports estimate that by 2020, one in five households will be living in private rented accommodation, compared to just one in ten households in 2001. As the private rental sector continues to grow it is inevitable that the market will come under further scrutiny from the Government. The Department of Energy and Climate Change, is just one of the Government departments looking to implement law that will have an effect on the private rental sector. These implementations will come about through the Energy Act 2011, which includes provisions to ensure that from April 2016, private residential landlords will be unable to refuse a tenant's reasonable request for consent to energy efficiency improvements where a finance package, such as the Green Deal and/or the Energy Company Obligation (ECO), is available. It also states that the Act also provides for powers to ensure that from April 2018, it will be unlawful to rent out a residential property that does not reach a minimum energy efficiency standard (the intention is for this to be set at Energy Performance Certificate rating E). View the original article here
http://bit.ly/KZHgLy
The continued growth of the private rental market is likely to result in additional regulations for landlords, says the owner of an independent residential property letting and management company in Wells. Stuart Nash, of Stuarts Residential, writes: Despite the downturn in the sales market, the UK rental market continues to grow and reports suggest that this trend will continue well in to the next decade. A recent study commissioned by the Joseph Rowntree Foundation suggests that by 2020, the number of adults aged from 18 to 30 living in private rented accommodation will increase from 2.4 million to 3.7 million. Other reports estimate that by 2020, one in five households will be living in private rented accommodation, compared to just one in ten households in 2001. As the private rental sector continues to grow it is inevitable that the market will come under further scrutiny from the Government. The Department of Energy and Climate Change, is just one of the Government departments looking to implement law that will have an effect on the private rental sector. These implementations will come about through the Energy Act 2011, which includes provisions to ensure that from April 2016, private residential landlords will be unable to refuse a tenant's reasonable request for consent to energy efficiency improvements where a finance package, such as the Green Deal and/or the Energy Company Obligation (ECO), is available. It also states that the Act also provides for powers to ensure that from April 2018, it will be unlawful to rent out a residential property that does not reach a minimum energy efficiency standard (the intention is for this to be set at Energy Performance Certificate rating E). View the original article here
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