Rent regulation in England and Wales
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, In general, people renting homes or real property may agree with a landlord to any contract terms they like, but some rights and duties are made compulsory. Historically, the United Kingdom sought to ensure fair rents, prevent evictions without a fair reason, and placed obligations on landlords to properly maintain premises. Such regulation seeks to redress the inequality of bargaining power between landlords and tenants in  a market where there is unlimited freedom of contract. Most rights for tenants were abolished by the Housing Act 1980 and in subsequent legislation through the 1980s. The remaining legislation is found in the Landlord and Tenant Act 1954, which gives rights to business tenants, and the Landlord and Tenant Act 1985 which gives some rights, although fewer, to people renting for the purpose of a home. History. Before the 20th century, and during the industrial revolution, the regulation of the rental property relationship was largely left to the market. The first major regulation was introduced by the Rents and  Mortgage Interest Restriction Act 1915, largely as a consequence of rent strikes in Glasgow. Regulation. Security of tenure. Security of tenure exists for business tenancies under the Landlord and Tenant Act 1954. It was abolished for most residential properties by the Housing Act 1988. However, it remains for some people who live in council houses. Rental price controls. The Rent Act 1977 was the last piece of legislation in England and Wales to place limits on how much landlords could raise prices for residential homes. It was substantially repealed by the Housing Act 1988. Rent regulation in England and Wales