Private Members Bill sets out to regulate private rented sector

Regulation of the lettings sector is proposed in a new Private Members’ Bill that was presented in Parliament last week. Meanwhile, yesterday in the Lords, peers voted against the Government to introduce regulation.

Jeremy Corbyn, Labour MP for Islington North in London, told the Commons he wants to tackle lettings agents and ‘the sheer nastiness’ of some private landlords.

He is demanding the regulation of letting agents, who he says charge high fees, while the Bill also proposes five-year tenancies.

Corbyn told MPs: “It is high time that Parliament looked at the situation facing people in the private rented sector and introduced thorough and comprehensive regulation.

“We need to provide security, decency and reliable landlords for those people who are unable to buy and unable to access local authority or housing association accommodation.”

The Bill is due to have its second reading at the end of April.

Article courtesy of Letting Agent Today

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