Leaders have agreed on a new national rent control system that retains current rent increase caps while designating all areas as Rent Pressure Zones (RPZs), benefiting more tenants. Stronger security of tenure protections, including an end to no fault evictions for large landlords, were also established. This decision contradicts the Housing Commission's recommendations, which suggested reforms to RPZs and the introduction of reference rents. The Commission noted mixed impacts of RPZs and advocate for continuity in regulations between tenancies to avoid artificial rental hikes.
The new national rent control system will maintain current caps while designating all areas as Rent Pressure Zones, protecting more tenants from rising rents.
The move to enhance security of tenure will see an end to no fault evictions for large landlords, providing stronger protections for renters.
While the Housing Commission recommended changes to the rent system, such as reference rents, the government's decision goes against those recommendations.
The report from the Housing Commission highlighted mixed impacts of Rent Pressure Zones and addressed the need for regulations to continue across tenancies.
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