Global M&A trends and risks
Powerful new forces shaping in the M&A landscape
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Global | Publication | July 2018
The government is on a mission to deliver a “fairer, good quality and more affordable private rented sector”. Recent steps taken in this direction include a database of rogue landlords and agents. Other changes in the pipeline include a ban on tenant letting fees (see our May Focus), a requirement that landlords join a redress scheme and that all letting agents are registered.
Attention has now turned to the terms of assured shorthold tenancies (ASTs), the most common form of tenancy in the private rented sector.
The government considers that, given the increasing size of the sector, there is a need for longer and more secure tenancies than the minimum six months offered by the AST regime. In a consultation published this month by the Ministry of Housing, Communities and Local Government entitled Overcoming the barriers to longer tenancies in the private rented sector, views are sought on a new longer term tenancy model and how to implement it.
The main components of the proposed new model are
There is scope for exemptions from the three-year fixed term, with suggestions including student accommodation and holiday lets. The consultation asks what other exemptions might be necessary or justifiable.
The consultation also seeks views on implementation, with proposals ranging from compulsion through legislation to financial incentives for landlords and voluntary measures.
Given the potentially far reaching consequences of any such changes, the consultation period is relatively short: responses are required by August 26, 2018.
Nina Varumo is a freelance portrait and documentary photographer based in Stockholm. A recent project of hers Kvinnor till sjöss (‘Women at sea’) is on ongoing photo series highlighting the working life of female seafarers in order to change the stereotypical image of what and who is a seafarer.
Companies have been publicly reporting on their financial performance for over a hundred years. However, they are increasingly having to make public non-financial disclosures relating to sustainability and environmental, social and governance (ESG) matters as a result of rules, laws and regulations issued by stock exchanges, governments and regulators worldwide.
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