‘Landlords will have no choice but to raise rents’ council is warned over licensing plan
A landlord leader in the East Midlands has warned that rents will rise if councillors in Nottingham vote to renew the city’s selective licensing scheme, which is due to expire next year.
Giles Inman (main pic), who represents 600 landlords in the region through his organisation EMPO, says increased costs across the board along with the fees charged by the city’s council to administer the scheme, will leave landlords with no option but to begin raising rents.
A consultation on the proposed renewal of the scheme will soon be oned for landlord commentary.
“We are considering forming a committee to draft our own submission on behalf of landlords – we are considering going against that renewal,” he told the Local Democracy Reporting Service.
“The costs associated with complying with the licensing scheme translates into higher rents (for tenants). There is no question about it.
“You have utility bills going through the roof and huge strains on tenants paying gas and electricity to heat their homes.
“Bills are going to be twice as expensive in December than they were in January for those that are not on a fixed tariff.
“This is really not the time if ‘we are all in it together’ to be putting more costs on tenants.
“Landlords are trying to keep costs for the tenants as low as possible. This is the last thing we need right now. We know the council are going to move forward with this.”
32,000 properties
Nottingham City Council introduced its selective licensing scheme in 2018 covering 32,000 properties featuring landlord fees that began at £670 but were later increased to £890 and, Inman fears, likely to rise again if a further five-year scheme gets the green light.
At a committee meeting this week, councillors hailed the scheme as a success, revealing that 666 improvements have been made to 446 properties, that more rogue landlords had left the market and a speedier resolution to anti-social behaviour cases.
“We believe that there is more work needed to support landlords to comply with their responsibilities and it is important that standards are maintained and continue to improve where needed,” says Toby Neal, Portfolio Holder for Housing and Human Resources at Nottingham City Council.
Read more about EMPO’s campaign in Nottingham.
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – ‘Landlords will have no choice but to raise rents’ council is warned over licensing plan | LandlordZONE.
View Full Article: ‘Landlords will have no choice but to raise rents’ council is warned over licensing plan
Post comment
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,861)
Archives
- November 2024 (52)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Why Do You Really Want to Invest in Property?
- Demand for accessible rental homes surges – LRG
- The landlord exodus is fuelling a rental crisis
- Landlords enjoy booming yields – Paragon
- Landlords: Get Your Properties Sold Fast and Cash in the Bank before the New Year!