B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 22 April 2025

Debate

Renters’ Rights Bill

Contribution

I responded to that in an answer I gave to the noble Lord, Lord Young, at Question Time. Yes, institutional investors are important, but it is important that we do not create an idea that these are two-month fixed tenancies; they absolutely are not. They are assured tenancies with a two-month notice period on the part of the tenant. Most tenants will not want to take up a tenancy and go through all the procedures they will need to—as I set out—just to have a tenancy for two months and then leave it. Most tenants want a long-term tenancy where the landlord maintains their property and they pay their rent on time. That is how the system works. I do not think it will deter institutional investors from having the confidence they should rightly have in investing in build to rent, or any other form of rental investment, as a good investment. It is a steady source of income and, with a tenant with an assured tenancy, they will be more assured of that, not less.

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