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A significant number of properties are now rented out, both mid/long-term on a residential basis and short-term for tourists and holidaymakers. There is currently a healthy demand for rental properties in the Estate driven by city workers attracted by the proximity to the city, and selection of top restaurants, cafes and bars in the area.
Government statistics show that long-term empty homes are generally concentrated post-industrial areas, in the North of England and in seaside towns, where property prices are generally lower, with the lowest percentage in London, which had 20,795 long-term empty properties, with the highest in Barrow-in Furness, Burley and Blackburn. [94] [95 ...
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A buy-to-let mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments. [1]
Rent regulation in England and Wales is the part of English land law that creates rights and obligations for tenants and landlords. The main areas of regulation concern: the mechanisms for regulating prices (historically called " rent control ").
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
The history of rent control in England and Wales is a part of English land law concerning the development of rent regulation in England and Wales.Controlling the prices that landlords could make their tenants pay formed the main element of rent regulation, and was in place from 1915 until its abolition (excluding some council houses) by the Housing Act 1988.
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