Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.
Nottingham Council Publishes Social Impact Report on Landlord Licensing
A Labour council has released what it describes as the first ever Social Impact and Social Return on Investment report into private landlord licensing. The report evaluates the effects of Nottingham council’s private rented housing licensing schemes over a five-year period, up to 2024.
According to the council, the study found that an investment of £24.9 million in landlord licensing generated £114.9 million in social value. This is said to be equivalent to a return of £4.62 for every £1 invested.
The findings are based on the council’s assessment of its licensing schemes, which are designed to regulate private rented housing in Nottingham. The report claims significant social benefits have resulted from the schemes during the five-year timeframe.
Letting agents and inventory clerks operating in Nottingham may wish to review the council’s report for further details on the claimed outcomes and methodology.
Source: Landlord Today