Policy information sourced from Hackney Local Plan 2033

LP15 Build to Rent

Standalone Build to Rent developments or Build to Rent blocks on a larger mixed tenure development will be supported provided they comply with all other plan policies and they meet all of the following criteria:

  1. The homes are held as Build to Rent under a covenant for at least 15 years; and
  2. All units are self-contained and let separately; and
  3. The development is in unified ownership and unified management; and
  4. The development has professional and on-site management; and
  5. Longer tenancies of three years or more are offered with defined in-tenancy rent reviews.

At least 50% of the units delivered in Build to Rent schemes must be affordable housing, subject to viability. The tenure of the affordable housing delivered as part of the development will be required to be London Living Rent.

S106 agreements on Build to Rent schemes will include a ‘clawback’ mechanism in the event of units being sold out of the Build to Rent sector. Further guidance will be provided in the Hackney Housing SPD.

For more information please see the Hackney Local Plan 2033