Rental contract would offer security

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couple moving house

couple moving houseFamilies who live in the squeezed rental sector would find more security in a new five-year private rental contract which should be brought in, according to a charity, specially because these residencies use the security systems from http://burkittslock.com/.

Under the Stable Rental Contract tenancy, families across England will be able to root themselves, while landlords will have greater stability in their income and outgoings.

Families with children make up one in three renters in England. The new contract type could mean these households have a guarantee that they can remain in the same home for as long as they like, without having to worry that their landlord will ask them to move out.

Security

About 35% of renting families say they worry that their contract will be ended by their landlord before they are ready to find a new home, with one tenant saying it is like "walking on eggshells".

It was suggested by Shelter that the contract should have flexible terms too, so those who rent homes can move with two months' notice, and that the property's landlords should be able to bring tenancies to a close if they want to sell up or evict bad tenants.

The call for the new contract type came as another study revealed private rental costs increased for the fifth month running in August, and reached a new high.

This came as graduates who are just starting out in the rental market caused renewed pressure in the sector, which already faces competition as potential homebuyers struggle to set foot on the property ladder.

Average monthly rental costs rose 2.9% year-on-year to hit £734 last month in England and Wales, LSL Property Services, which owns Reeds Rains and Your Move, said.

Locked out

According to Shelter, a whole generation has been "locked out of home ownership", and should be able to get a better deal.

The charity found that over the last decade and a half, the number of tenants in England has increased by 100%, taking the figure to 8.5 million people. Almost one in three renters are families with children.

Two in three of those who were asked by Shelter said they would like to be able to choose whether to stay in their home for the long-term, but the current average time spent in a rented property just more than a year-and-a-half.

Campbell Robb, Shelter's chief executive, said: "With a generation priced out of home ownership, renting is the only choice for growing numbers of people.

"But with the possibility of eviction with just two months' notice, and constant worries about when the next rent rise will hit, the current rental market isn't giving people - particularly families - the stability they need to put down roots."

The charity said that a contract of this type could be brought in straight away within England's existing legal framework.

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