Millions of Indian tenants face rent hikes and eviction threats. Landlord powers depend on tenancy agreements and state laws. A written agreement is crucial for protection against arbitrary actions and rent increases.
Mitsubishi Estate's Marunouchi area boasts a 0.55% vacancy rate, leading to rent increases of 5-20%. Tenants largely agree due to inflation and rising costs. Overseas and hotel apartment businesses are key growth drivers.
The rising number of private renters in Britain have for too long put up with chronically insecure tenancy agreements and poor conditionsThe defining trend in British housing in recent decades has been towards private renting. The sector in England nearly doubled in size between 2004 and 2013. By 2023 almost two-fifths of households were either renting privately or socially. Meanwhile, the dream of home ownership has steadily eroded: 39% of 25- to 34-year-olds owned their home in 2023, 20 percentage points lower than the peak (59%) in 2000. Many younger adults now rent from a private landlord as the default, and expect to do so for the rest of their lives.Which is why the introduction of the Renters’ Rights Act is important. Until last week, landlords could evict a tenant for requesting a reasonable repair, or challenging a rent hike. A poll in 2023 for the charity Shelter found that tenants who complained to their landlord or local authority were 159% more likely to be served a no-fault eviction notice than those who did not. The fear was that complaints could cost tenants their homes. It was customary for landlords to pre-emptively evict tenants if they wanted to raise rents. Continue reading...
