Periodic tenancies likely to result in a mass exodus of private landlords

The government’s plans to introduce periodic tenancies are not fit for purpose and will almost certainly lead to a mass exodus of landlords from the PRS, according to Propertymark.

The industry body has submitted evidence to the Levelling Up, Housing and Communities Committee’s Reforming the Private Rented Sector inquiry.

It warns that fewer homes may be available to renters if reform of the private rented sector does not equally consider the rights and needs of letting agents and their landlords with those of tenants.

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