Member

Currently, private registered providers can grant assured tenancies, and the majority of tenancies are let at social rent levels. This is low-cost rent, which is substantially discounted in comparison with market rent. Social rent levels are regulated by the Regulator of Social Housing via its rent standard. Due to the differences in how rents are set in the sectors, we are exempting assured tenancies let at a low rent by these landlords from key changes that the Bill makes to rent-setting practices. We believe that most of those tenancies will still be subject to review clauses. Therefore, we do not believe it is necessary to increase the notice period for low-cost tenancies. For the reasons I have outlined, I ask the noble Baroness, Lady Scott, to withdraw her amendment.