Government must wake up to the realities of the marketplace
Series: Property Forecast ; 4(5) May 2001, 2-3(2)Publication details: 2001Subject(s): Summary: Director General of the British Property Federation argues that legislative intervention to resolve the dispute over lease flexibility would be damaging to the property industry, and have a negative impact the industry's contribution to regeneration, transport and the residential rented sector. Discusses the results of a government survey carried out by Reading University in 1999 which indicates that market forces are already creating new flexibility, leases have shortened considerably since 1990, and that tenant complaints about upward only rent reviews have subsided. Concludes that tenants need to be educated about property matters, and the "Commercial leases code of practice" should be revised to be more accessible and made widely available.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64005 (Browse shelf(Opens below)) | 1 | Available | 112841-1001 |
Director General of the British Property Federation argues that legislative intervention to resolve the dispute over lease flexibility would be damaging to the property industry, and have a negative impact the industry's contribution to regeneration, transport and the residential rented sector. Discusses the results of a government survey carried out by Reading University in 1999 which indicates that market forces are already creating new flexibility, leases have shortened considerably since 1990, and that tenant complaints about upward only rent reviews have subsided. Concludes that tenants need to be educated about property matters, and the "Commercial leases code of practice" should be revised to be more accessible and made widely available.