Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Legal Experts Warn Rent Controls Could Lead to Landlord Exits
Legal experts have warned that the introduction of rent controls in England could result in landlords leaving the market. Property lawyers say such measures may weaken returns for landlords and discourage investment.
According to Property118, Kristine Ng, a partner at Morr & Co, and Paul Rooke, a partner at Mayo Wynne Baxter, have raised concerns that rent restrictions could push landlords towards selling their properties. They also warn that this could reduce the number of homes available to rent.
For letting agents and inventory clerks, these warnings highlight potential changes in the rental market that could affect property availability and client portfolios. The legal experts' comments come amid ongoing discussions about possible changes to rental regulations in England.
Source: Property118