North East Cambridge Area Action Plan Issues and Options 2019

Representation ID: 33737

Received: 25/03/2019

Respondent: Brookgate

Agent: Bidwells

Representation Summary:

The PRS model for Phase 1b is proposed to be owned by an institutional investor rented out through an agent or directly. Lease lengths are generally the same as other privately rented housing, but since the landlord is a professional investor, they are keen to keep tenants in place for the long term. This provides tenants with greater long-term stability. The management is undertaken by a professional management company. This PRS property management model gives tenants access to professionally managed property and since the homes are purpose-built for renting, better all-round quality.