Grainger Says New UK Government Renters Reform Bill Aligns With Business Model
2023年5月18日 - 4:27PM
Dow Jones News
By Joe Hoppe
Grainger said Thursday that it welcomes the U.K. government's
new Renters Reform bill, as it aligns with its business model and
ensures rents can still be set in line with the open market.
The property-investment company said the bill has the principal
aim of improving and raising standards within the U.K. private
rental market. Rent can still be set in-line with the open market,
and the abolition of "no fault" evictions, which allows landlords
to evict tenants without giving a reason, is welcome.
The company also welcomed the commitment to court reform and
strengthening landlord's abilities to swiftly manage problem
tenants.
"As today's Rent Reform Bill goes through the parliamentary
scrutiny process over the coming year, we look forward to
continuing to work with the government and policy makers from all
parties, to ensure today's proposals strike the right balance
between improving the experience for renters, while maintaining the
attractiveness of the sector to long-term, responsible investors
like Grainger," the company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
May 18, 2023 03:12 ET (07:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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