LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Scots Ministers avoid revealing how many landlords are seeking big rent rises – LandlordZONE

Mark Helprin by Mark Helprin
July 27, 2023
in Real Estate
Scots Ministers avoid revealing how many landlords are seeking big rent rises – LandlordZONE
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Manchester Stock Exchange hotel to open 95-room extension

Hounslow unveils £7.5bn Golden Mile London regeneration plans

Deepki launches new benchmark for decarbonising real estate

The Scottish Government has decided not to publish details of how many landlords north of the border have applied to raise their rent above the 3% maximum allowed under the country’s Cost of Living (Tenant Protection) (Scotland) Act.

This controversial legislation was first introduced in October 2022 but extended several times until March next year, capping rent rises between tenancies at 3% but allowing landlords to apply under ‘exceptional circumstances’ for rises of up to 6% if theyu’ve been ‘impacted by the cost of living crisis’ and need to recover some increased costs associated with letting their property’.

This is done via the Rent Service Scotland where there applcation is reviewed and decided. Tenants who think their rent increases are unstified can also use the service to get mediation.

The Scottish Government originally said it would publish an update on how many landlords had applied to raise rents due to ‘exceptional circumstances’ in April this year, but this has now been kicked into the long grass.

A Government spokesperson has told LandlordZONEthis is because under the rules of the Act, Ministers most recent ‘Statement of Reasons’ removes the need for this data to be released.

But it is also lilkely to be political – Scottish ministers would look compromised if, after promising to curb rent increases, a deluge of landlords had successfully applied to raise rents significantly.

One letting agent operating in Glasgow and Edinburgh, who wishes to remain anonymous, says Ministers’ desire to keep the rent rises data under wraps is becuase the “RSS will be inundated with applications and knowing the Scottish Government, it will not have the manpower in place to deal with the volume of applications it receives”.

Removal

But the Government spokesperson pointed LandlordZONE to the most recent ‘Statement of Reasons‘ report from June, which says: “The first Report was laid before Parliament on 12 January 2023 and reports [were] due three-monthly thereafter… unless there has been a Statement of Reasons laid before Parliament during a reporting period.

“The Statement of Reasons published on 27 January removed the need for a report to be laid at the end of April (per section 9(8) of the Act).

“The next formal report was therefore due to be laid by 14 July 2023, but this 2nd Statement of Reasons would once again remove the need for that report.

“The requirement to keep the provisions under review remains ongoing and we will also continue to give consideration to the evidence available to us, with interim updates on the Act being provided as required.”

Subscribe here for the latest landlord news and receive tips from industry experts:



Source link

Share30Tweet19
Previous Post

Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more

Next Post

Here are Thursday’s biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing & more

Mark Helprin

Mark Helprin

Recommended For You

Manchester Stock Exchange hotel to open 95-room extension
Real Estate

Manchester Stock Exchange hotel to open 95-room extension

March 10, 2026
Hounslow unveils £7.5bn Golden Mile London regeneration plans
Real Estate

Hounslow unveils £7.5bn Golden Mile London regeneration plans

March 10, 2026
Deepki launches new benchmark for decarbonising real estate
Real Estate

Deepki launches new benchmark for decarbonising real estate

March 10, 2026
Prologis submits plans for 762,000 sq ft unit at DIRFT
Real Estate

Prologis submits plans for 762,000 sq ft unit at DIRFT

March 10, 2026
Next Post
Here are Thursday’s biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing & more

Here are Thursday's biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing & more

Related News

Tesla plans to double capacity at Berlin ‘gigafactory’: WSJ

Tesla plans to double capacity at Berlin ‘gigafactory’: WSJ

July 17, 2023
Real-world asset tokens are the new ETFs — CoinFund president

Real-world asset tokens are the new ETFs — CoinFund president

July 13, 2025
Markets remain cautious ahead of Powell’s opening remarks

Markets remain cautious ahead of Powell’s opening remarks

November 8, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?