Photo Credit: Alamy Stock Photo
One of the surprising trends in the U.S. rental market in recent years has been the emergence of Baby Boomers as a major source of demand. For many, the view of a typical renter is a young person, living on leases while they leave home for the first time, seek out jobs and potential partners, and accumulate the savings needed to buy a house and settle down. In contrast, the Boomersâa more established generation, and one whose members have benefited from tremendous economic prosperity over the course of their lifetimeâare far more likely to own a home.
Some landlords are evicting tenants despite an order from the CDC aimed at stemming the spread of COVID-19 by preventing evictions. That has led to calls to strengthen protections.
New tenancy law reforms positive for renters, landlords fretting over changes
10 Feb, 2021 05:00 PM
6 minutes to read
Many landlords in Tauranga are fretting over the changes in the new tenancy reform. Photo / George Novak
Many landlords in Tauranga are fretting over the changes in the new tenancy reform. Photo / George Novak
Far-reaching tenancy law reform comes into effect today but not everyone is happy about it. The new law empowers renters, giving them more security and rights than what they previously had but some landlords are fretting over the changes.
The Residential Tenancies Amendment Act became law last August but the most drastic changes come into effect today.
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THE Scottish government has been urged to do more to protect renters and people living in poverty amid concerns over rising rent and unmanageable debt.
First Minister Nicola Sturgeon was quizzed at Holyrood today about her government’s lack of action on tenant support, with calls for rent controls to be introduced.
Scottish Greens co-leader Patrick Harvie highlighted rising poverty during the pandemic, arguing that rent pressure zones, which have not been implemented anywhere in Scotland, had failed.
Mr Harvie said that ministers needed to “show more ambition” in tackling poverty, “whether that means expanding free transport and school meals” or the government “reconsidering its position on public-sector pay.”