The Northern Ireland Executive is considering the introduction of a long-term Private Sector Leasing scheme.
This would use a lease to allow tenants longer tenancy terms, as well as directly providing or signposting tenants to support services such as benefits advice or health and wellbeing services.
ARLA Propertymark warns that the scheme could be detrimental to lettings agents who already offer tenancy and property management, as some landlords may favour the scheme instead, despite the reduce income. It is likely the scheme would be largely aimed at the lower portion of the market, which could see lettings agents lose up to 50 per cent of their stock.
