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[–] 7 points 3 days ago (2 children)

So, this might not be the great news folks think it is...

I own a bunch of ancient freeholds ("peppercorn rents"), so I keep track mostly for folks looking to develop the land (I.e. buy the land off me).

Recently, a lot of rented houses got sold, and bought up by "property management" companies.

This appears to be a consolidation rather than a capitulation sadly. The properties are going under the umbrella of larger firms with better lawyers.

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  • [–] 2 points 3 days ago

    This appears to be a consolidation rather than a capitulation sadly.

    Nothing new. Consolidation of property has been happening in England since the Enclosure Acts.

    The Renter's Rights legislation is purely a scapegoat. Unless someone can explain how renter rights won't apply to property management firms, it remains an improvement overall.

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