Industry pledges longer tenancies for build-to-rent
18 April 2017
In a letter to the Government signed by twenty investors and developers in the build-to-rent sector, the British Property Federation has set out a pledge to offer the option for three-year tenancies for new build-to-rent properties, as well as rent reviews no more than once a year. Shorter tenancies would continue to be available.
The pledge comes as a response to the Housing White Paper calling for mix of tenures, to accommodate households such as families that may require greater tenancy security.