Newsflash: Sadiq Khan to bring in longer tenancy agreements for Londoners

Mayor of London Sadiq Khan is to tackle London’s housing crisis with a ‘new deal’ for renters including longer tenancies called the ‘London Model of renting’, it has been announced. The initiative, which will be part of the Mayor’s new Housing Strategy, will see tenants and landlords brought together to create the new concep. This is likely to include longer tenancies to create a more “stable, family-friendly sector” and see an end to six and 12-month Assured Shorthold Tenancy agreements that currently dominate the sector. A statement released today says that: “the Mayor wants a better deal for the increasing numbers of Londoners who live in the private rented sector, with the aim of creating a modern, fit-for-purpose and high quality housing option for the millions of Londoners who rent…where the legitimate rights of landlords are protected too”. Tenancy agreements Figures quoted by Khan’s office reveal that a quarter of all Londoners live in the private rented sector, and increase of 200% since 2004, and that the current legal framework for tenancies were introduced almost 30 years ago. Khan says that with a standard tenancy length of just six to 12 months, renters face high rents and little guarantee of…

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