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The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Brexit and the PRS

Jason Hunter, partner and head of property litigation at Russell-Cooke, comments

Although it's little over a month since the population voted to sever the ties between the UK and the EU, uncertainty has gripped the property industry. Brexit has the potential to impact property up and down the country, and the Private Rented Sector (PRS) won't be immune to change either.

The PRS has become an increasingly essential part of the UK's housing provision, and within this sector, it is the Assured Shorthold Tenancy (AST) that is key.

The AST has already faced considerable change since its inception. This was intended to give landlords and tenants a simple way to create a non-permanent relationship; it doesn't offer the tenant security of tenure but does at least provide basic entitlements with regard to when and how possession of the property could be recovered.

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