Budget 2015 – Residential tenancies – promoting a “sharing economy”

Budget 2015 – Residential tenancies – promoting a “sharing economy”
shutterstock_96334607Perhaps the most interesting announcement in this year's Budget, certainly for residential landlords and tenants - and their lawyers - was actually buried deep within the Budget papers...
The announcement concerned a diverse package of measures aimed at promoting a “sharing economy” – including some relating to residential tenancies.
What measures were included?

Included in the package of measures was confirmation that the government:

  • will amend its model agreement for an assured shorthold tenancy by summer 2015, to provide that tenants in private rented accommodation can request their landlord’s permission to sub-let or otherwise share space, on a short-term basis;
  • will look to clarify and strengthen private residential landlords’ legal responsibilities when considering requests from tenants to sub-let, and will look to extend these responsibilities to requests from tenants on the sharing of space more generally; and
  • intends to legislate on preventing the use of clauses

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:
Joanna is a commercial property specialist. Prior to joining the LexisPSL Property team, she was a transactional lawyer. She qualified in 1995 at Shoosmiths and subsequently worked at Nabarro, Charles Russell, Bircham Dyson Bell and Pemberton Greenish. She has wide-ranging experience of all non-contentious property transactions, with a particular emphasis on landlord and tenant work.