This proposal would allow social housing tenants to live in social housing rent free after a total of 25 years of rent payments.
After the tenant dies, the rent payments would then continue, even if the tenancy is taken over by family members.
This would bring Social Housing tenants inline with Mortgage holders, but still of course at a disadvantage because obviously the mortgage holders would own the property at the end of 25 years and this proposal would mean the Social Housing home would still remain the property of the landlord at the end of 25 years but allow the tenant to live a rent free retirement.
I think this would be fair on the tenant as they would of paid a lot of money over 25 years and with the current situation they get nothing back. This proposal gives them something back and it would probably improve rent payments amongst the tenants as their would be something to aim for.
Why is this idea important?
IMPROVE RENT PAYMENTS
ALLOW SOCIAL HOUSING TENANTS TO LIVE RENT FREE IN RETIREMENT
THE OWNERSHIP PROPERTY REMAINS WITH THE LANDLORD SUCH AS THE COUNCIL OR HOUSING ASSOCIATION.
BE A NEW COST WORTHY INITIATIVE WHICH WOULD BE AS POPULAR AS RIGHT TO BUY (BUT WITH FAR LESS COST TO THE TAX PAYER).