See our latest eventsEvents
Relaxation of Rules Restricting Renting out of London Homes
Article date: 14/08/2014
The Department of Communities and Local Government has announced
it intends to end 40 year old restrictions which prevent Londoners
from renting out their homes on a short term basis.
Currently, pursuant to the Greater London Council (General Powers) Act 1973, Londoners who want to rent out their homes for less than three months have to apply for planning permission. This is inconsistently enforced across different boroughs, but has restricted the freedom of some Londoners to rent out their homes on a temporary basis.
Details of the proposed reforms are awaited.
Measures will be put in place, however, to prevent abuse of the reforms or the permanent loss of residential accommodation. For example, it will not be possible to turn homes into hotels or hostels. These still require a change of use and planning permission.
For more details, contact Nyree Applegarth at Higgs & Sons.