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Posted 23 November 2016
Compulsory Pay to Stay has been abandoned
The government announced yesterday that it was abandoning its plans to introduce compulsory pay to stay which, it will be remembered, was introduced in the Housing and Planning Act 2016 where Registered Providers had to set a higher rate of rent for high earners. These provisions will now not be brought into law ending the administrative nightmare most RPs were facing. The scheme will now be voluntary.
The announcement can be found at:
Compulsory fixed term tenancies for all new local authority tenants is still very much on the cards.
Further advice Please contact our specialists Simon Sanger-Anderson, Sarah Schooling, Jenny Lloyd or Adele Atkinson at Broadwalk House, Southernhay West, Exeter EX1 1UA call: 01392 204515 or email: email@example.com