{{name}} | College & County

Catch up on Oxford lettings and property news stories

"Back of a Fag Packet Policy"?

One of the less publicised proposals of what has been a broadly welcomed budget is one to remove impediments to subletting. The relevant paragraph is on page 51 of the budget document:

“Support for the sharing economy 1.193

The government wants to ensure that Britain is the global centre for the sharing economy, enabling individuals and businesses to make the most of their assets, resources, time and skills through a range of online platforms. This Budget therefore announces a comprehensive package of measures that will break down barriers, create opportunities for sharing, and unlock the potential of this dynamic and growing area. Building on the recommendations of the independent review of the sharing economy, the government will:

Make it easier for individuals to sub-let a room through its intention to legislate to prevent the use of clauses in private fixed-term residential tenancy agreements that expressly rule out sub-letting or otherwise sharing space on a short-term basis, and consider extending this prohibition to statutory periodic tenancies.”

There are a number of potential obstacles to be overcome before such measures could be introduced...... lenders might need to revise their terms of business, insurance companies might also have to re-write policies. Local Authorities might need to review their guidelines for landlords and it will certainly have an impact on HMO status of some properties........ a two bed property let to a couple who decide to join the "sharing community" and sublet room to an individual will create an HMO which in Oxford might need planning permission, and will need licensing...... A bureaucratic nightmare!

 Perhaps Alan Ward the RLA chairman was right when he observed that this smacks of "Back of a fag Packet" policy?


Subscribe to our Newsletter

Complete the quick form below to receive regular news and property updates from College and County, a leading lettings agent in Oxford.



© College and County
Illustrations by: Eleanor Greenhalgh