Network Homes brings in lifetime tenancies for all tenants
Network Homes is bringing in lifetime tenancies for all new tenants and converting all existing fixed term tenancies.
The changes will be brought in immediately with every new tenant of a social or affordable rent home given an assured tenancy which lasts as long as they want it.
Network has nearly 2,000 existing fixed term tenants, which it plans to convert to lifetime tenancies as soon as possible, either through a phased approach, or when their existing agreement comes up for renewal.
The move will provide Network Homes’ tenants with lasting security that their home will be theirs for as long as they need it, without having to renew their tenancy at the end of each term.
Network has offered five-year fixed term tenancies since 2011 to some new tenants as a way to ensure its homes go those most in need. But just 3% of tenants left after their term.
We believe everyone should have a safe and secure place to call home. For many residents, coming up to the end of their tenancy was a worrying and uncertain time. I’m pleased Network Homes can now offer its tenants future peace of mind and certainty their home will remain theirs for as long as they need it.Helen Evans, Chief Executive of Network Homes
Phil Lyons, Chair of Hertford and Outer London Residents Panel, said: “This is great news as it gives tenants lasting security that their home will be theirs for as long as they need it. Converting all existing fixed term tenancies (and new tenancies) to lifetime tenancies as soon as possible removes the uncertainty and worry of renewing their tenancy, and less anxiety about the future of their home.”