Back to the original topic of this thread - no fault evictions. I had a very depressing call yesterday with a lady who I employed in my company for c 8 years. She grew up the hard way, but through force of character managed to gain an education, grow and achieve success in the commercial world. She was and probably is the hardest working person I have ever known. She is also incredibly emotionally intelligent and generous. At a guess, she is about 50 years old. Over the past decade she has managed to acquire 15 residential buy to let properties. Some new off plan and some wrecked and then refurbed. She manages them herself and provides a good product, with good service. She actually provides her tenants with a service level agreement, stating how to report any issues and how quickly she will resolved them and for any over runs, a compensation scheme - boiler not fixed within x time, then 1 week free rent, y time, 2 weeks free rent etc.
In light of the proposed changes to the sector (1) the prospect of having to wait 1 year or more should a tenant decide not to pay rent, or wreck a house, or cause nuisance to neighbours, or all of the above (2) reduced rights over decision making as to who she lets to (3) reduced rights regarding pets and the prospect of damage they can (and often do) create (she is an animal lover too) (4) likelihood of rent controls (5) CGT uplift. She has decided to sell the lot and invest in holiday accommodation in the south of France. That means 15 people or families will now need to find alternative accommodation.