COMMENT: Removing 90-day notices - the impacts
The Government’s proposal to remove the 90 days’ notice option is a bombshell for landlords that will cause many to get out of renting, resulting in a large rental shortage.
A landlord's choice of tenant is the single most important decision they make. If landlords are unable to give “no cause” 90 days’ notices:
• Landlord risk will increase exponentially as tenants with anti-social behaviour will be very hard to remove. That’s because neighbours will be intimidated and threatened and will not act as witnesses to provide the evidence of anti-social behaviour necessary to terminate the tenancy.
• Landlords will become exceptionally cautious in selecting tenants. They will not select first time tenants, or tenants with a colourful renting history or a sad story, as those tenants are a higher risk. That means “riskier” tenants will not get a tenancy.
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