The Scottish government has implemented drastic changes to its letting market that will have a significant impact on the private rental sector. Due to begin in the autumn, the new legislation will mean that Edinburgh universities, purpose built student accommodation providers (PBSAs) and private landlords are to offer tenants unlimited tenancies that do not specify an end date. Meaning, once moved in, as long as the tenant(s) continues to pay rent, the landlord is not able to force them out or specify a leaving date.
A recent study undertaken by Lettingstats, part of Lettingweb, has reported that replacing assured and short assured tenancies with the Scottish Private Rented Tenancy (SPRT) will have a profound affect upon the private letting sector, as under the new legislation there will be no equivalent to the short assured tenancy.
Dan Cookson, Head of Research at Lettingweb, has stated that this change in tenancy rules will also have a significant impact on the Edinburgh Festival. He states: "Private rented housing stock and university accommodation is critical to the success of Edinburgh's festivals. The new tenancy reform proposals may be well intentioned, but the Scottish Government and City of Edinburgh Council have so far ignored the dire warnings consistently presented to them from across the entire private rented sector. Given that the identification of additional Festival accommodation was seen as a key recommendation in the city's recent festival strategy, it is bizarre that the City would support tenancy reform changes that will immediately put at risk much-needed accommodation capacity within the city."