Policy information sourced from the Islington Local Plan
H11 Purpose Built Private Rented Sector development
- Proposals for purpose built Private Rented Sector(PRS) development will be permitted where they comply with all of the following criteria:
- There will be no adverse impacts on local amenity;
- Affordable housing is provided in line with Policy H3;
- High quality housing is provided in line with Policy H4. All units must be self-contained and let separately;
- The PRS units are held under a covenant for the lifetime of the building, generally no less than 15 years. The covenant will be strictly enforced and must not allow any provision for general market sale of any units (either individually or as a group of units), for the length of the covenant period;
- A clawback mechanism is put in place to ensure that the maximum amount of affordable housing is provided on-site where the covenant is broken (notwithstanding criterion iv);
- Unified management and unified ownership, including partnerships, of the development is guaranteed throughout the covenant period;
- Longer tenancies (three years or more) are available to all tenants. The tenancy process should give security to the renter, with appropriate break clauses and transparency on rent increases enshrined in the tenancy agreement. The tenant should be able to end the tenancy with a month’s notice any time after the first six months. Upfront fees during the letting process must not be charged, except for security deposits and upfront rent payments.
For more information please see the Islington Local Plan