Labour would set up not-for-profit letting agents
Should Labour get into power then it will set up non-profit letting agencies and introduce three-year tenancies as the standard. The pledge was made by shadow housing minister Teresa Pearce at the Labour Party Conference taking place in Liverpool this week.
In a conference speech Pearce said: “In the private rented sector, end of tenancy is a rising cause of homelessness, so we would change the rules on tenancies where a three-year lease becomes the norm.”
Full story available from Property Industry Eye: http://www.propertyindustryeye.com/labour-will-set-up-non-profit-letting-agents-says-shadow-housing-minister/