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I wonder how many experienced conveyancers reading this article routinely advised their clients up to about 2 years ago NOT to buy flats because of the Assured Tenancy point; I would hazard a guess that they were a minority.

I have two suggestions to alleviate this issue:
1. Legislation to increase the rent levels at which the premises become an Assured Tenancy, and (a) for these limits to increase annually by RPI and (b) be subject to review by statutory instrument every 5 years. - the current levels were defined in 1980. Inflation and property price increases since then make it logical to review those limits;
2. Legislation to state that in any residential lease for 21 years or more granted in future, the rent is deemed to be capped at the level at which the lease would become an Assured Tenancy

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