To ask the Secretary of State for Levelling Up, Housing and Communities, if he will make an assessment of the potential impact of clause five of the Renters (Reform) Bill on (a) trends in the level of rent, (b) the difference between changes in market rents and changes in the Consumer Prices Index and (c) the supply of rental properties.
To ask the Secretary of State for Levelling Up, Housing and Communities, whether it his policy that the power under Clause 5(7) of the Renters (Reform ) Bill will only be used to apply to assured tenancies which are not social housing where the rent of the assured tenancy does not exceed the rent of an equivalent property let in the social housing sector.
Further to the answer given to Question UIN 185473 on 22 May 2023, updated dwelling stock estimates published today continue to show that supply within the private rented sector is roughly stable.
We are continuing to monitor the private rented sector, through sources such as the English Housing Survey and ONS Rental Price Index.
The Renters (Reform) Bill exempts Private Registered Providers of Social Housing (PRPSH) offering assured tenancies of social housing from these changes. These are defined as a ‘relevant low-cost tenancy’. The power allows the Secretary of State to specify a description of other assured tenancies that meet the definition of ‘relevant low-cost tenancy’.
The Bill does not apply to those whose accommodation does not meet the definition of a ‘dwelling’ as defined in housing legislation, such as those who live in caravans. We continue to take a series of measures across the park homes sector and I am happy to discuss our plans further with the Hon member at his convenience.