A senior buying agent is warning that new regulations over the length of notice given to tenants is having an unexpected side effect on the sales market.
Caspar Harvard-Walls of the Black Brick agency says recent amendments to the Coronavirus Act - meaning tenants would need to be given at least six months notice to end a tenancy, regardless of the original agreement - is at the root of the problem.
“While the clause was quite rightly introduced to protect vulnerable tenants, it may be having an unintended effect in reducing supply to the Prime Central London market” he says.
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
Join the conversation
Jump to latest comment and add your reply
Really? Talk about stating the obvious!
"starting new Section 21 evictions .." Whats one of those?
Please login to comment