From the Torygraph
Tenants face higher rents as landlords caught in cladding crisis
Mr Coates said he may have to raise the rent if repair costs are passed on to leaseholders. He is also concerned he may be left with an unlettable flat, as tenants may not want to live in a block with major fire safety problems.
Is it one or the other? Increase the rent or is it too high for service being offered and needs to be dropped? While I do feel sympathy for the ridiculous leasehold system whereby no services need be rendered in consideration of huge sums of money, surely this must have looked a bit odd at some point between interview and going to print
3 comments:
They won't be increasing the rent, that's for sure :-)
Unlikely to raise the rent and he's got an asset he cannot sell until the cladding "crisis" is solved. Ideally someone should have words with the banks and tell them to get lending
The other, core, dimension to the cladding issue intrigues me as an ex construction person. The question is, who designed the upgrade external insulation cladding installation?
It looks to me like the way they used stand-offs to hold the cladding created 'chimneys' between the cladding and the sub-structure and that these 'chimneys' compromised the fire stops. No designer worth his pay could not have noticed that. So why?
OTOH all this started - I have read - from Blair saying - I recall - that the blocks should be made 'more attractive'...
Has anybody read the report on the Grenfell fiore? I just have not had the time.
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