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Have a regulatory body to assess the value of a letting property.

Submitted on Saturday 15th June 2019

Rejected on Friday 12th July 2019

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Have a regulatory body to assess the value of a letting property.

Petition Details

When a property is listed for renting there is no rules with regards to the value of its rent. Whereas a property in sale is assessed by factors like: building age, location, etc it only seems fair that the letting property should be also price assessed in the same manner a tenant is for references.

Additional Information

Letting agents and landlords can make they way around letting fees ban by increasing rents and that is totally unfair and I would say illegal too.

https://www.theguardian.com/money/2019/jun/15/letting-fees-ban-agents-urge-landlords-to-increase-rents

There must be a way to evaluate a property's value not only for its sale but also for renting. Otherwise this is totally unfair for the consumer(tenant).
Analogy:
When a car is rented, its rent value is subjected to the car's retail value. Please!


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This petition was rejected

The Government e-Petitions Team gave the following reason:

Petitions need to call on the UK Government or Parliament to take a specific action.

There is no regulatory body in the housing sales sector, so we're sure exactly what you'd like the Government or Parliament to do. We're also not sure what you mean by assessing a fair rent for a property "in the same manner a tenant is for references".

You could start a new petition explaining clearly what you would like the Government or Parliament to do. For example, you could start a new petition calling on the Government to introduce rent controls in the private rented sector.

Have your say on this petition!

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