Student rents could surge following the introduction of the Renters’ Rights Bill, say landlords, who have warned that it also discriminates against foreign students.
Student landlords have been warned their existing contracts won’t be entirely accurate once the Renters’ Rights Bill takes effect after the summer.
Rents in purpose-built student accommodation (PBSA) continue to outpace HMOs, with foreign students particularly bolstering their growth.
Private HMO landlords leaving the sector have created a shortage of student housing, according to Unite Students, which boasts that it can help fill the gap with purpose-built student accommodation.
A new student shorthold tenancy (SST) would address student renters’ unique needs, ensuring fairness and safety while providing flexibility around academic schedules, according to iHowz landlord association.
A group of student accommodation landlords have warned the Government that its plans to dispense with fixed-term tenancies and move to open ended ones will lead to fewer providers and homes within this market.
Exiting student landlords have paved the way for PBSA developers charging higher rents, according to The FT.
Student landlords have won some concessions on evictions within a government amendment to the Renters Reform Bill.
Unite Students is poised to report rental income growth of at least 6% due to sustained demand, despite new visa rules affecting international students.
