Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Generation Rent CEO Backs Zack Polanski's Rent Control Policy
The chief executive of activist group Generation Rent has backed a rental sector policy put forward by Green Party leader Zack Polanski. Polanski is calling for controls on private rent increases.
According to Landlord Today, the Green Party leader has now been banned from entering Israel after his party conference declared Zionism a form of racism.
The report does not set out the specific detail of the rent control policy, nor the terms on which Generation Rent's chief executive has offered support. Letting agents and inventory clerks should note the direction of travel: a prominent tenant activism group publicly aligning with a political leader who wants controls on private rent increases.
For UK letting agents, any move toward rent increase controls would affect how tenancies are priced and renewed, and would sit alongside existing regulation of the private rented sector. Inventory clerks would see the practical effects at the point of renewal and re-letting.
Further detail on the policy and the scope of the endorsement is not included in the source report.
Source: Landlord Today