Landlord affected by cladding scandal has to increase rents or no one will want to rent their flat
From the Torygraph
Tenants face higher rents as landlords caught in cladding crisis
Mr Coates said he may have to raise the rent if repair costs are passed on to leaseholders. He is also concerned he may be left with an unlettable flat, as tenants may not want to live in a block with major fire safety problems.
Is it one or the other? Increase the rent or is it too high for service being offered and needs to be dropped? While I do feel sympathy for the ridiculous leasehold system whereby no services need be rendered in consideration of huge sums of money, surely this must have looked a bit odd at some point between interview and going to print
Source: http://markwadsworth.blogspot.com/2020/11/landlord-affected-by-cladding-scandal.html
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