It seems that Scotland's market trends are changing. The changes will affect the overall scheme of rents for the country. The private rented sector in Scotland is facing change with improved security for tenants, rights, as well as safeguards for landlords as conveyed by propertywire.com. The Scottish Government is consecutively implementing a follow-up to their former consultation with the private rented sector (PRS). The second consultation builds on the proposals for a New Tenancy as noted by ruralhousingscotland.org. The plan takes into account the feedback, and analysis regarding the key issues raised from reactions in the past year, 2014.
The Scottish government stipulated a new Private Tenancies Bill that will be presented to offer more foreseeable rents. The curb excessive rent rises with local rent controls for areas where prices are deemed too high as further told by propertywire.com. A new Rural Housing Fund will be formed to aid in the construction of more reasonably priced homes in the countryside as well as 'Help to Buy' scheme for first time buyers will also be given.
The Scottish Private Rented Tenancy will act as a substitute to the present Assured system. It will remove the 'no-fault' ground for repossession, meaning a landlord can no longer ask a tenant to leave simply because the fixed term has ended as further explained by propertywire.com. It will also deliver wide-ranging and tough grounds for reclamation.
It will permit landlords to re-claim possession in itemized circumstances. The private rented sector is now home to 330,000 households across Scotland, including around 85,000 families with children based on a data given by propertywire.com. Rentals are gradually becoming unaffordable. For this reason alone, the Scottish Land and Estates said that the new funding for rural housing is critical for the future of countryside communities in the country as further stated in a report by propertywire.com.