Minister for housing and planning Yvette Cooper said today that the government is willing to impose legislation if upwards only rent reviews continue to be the norm in the property industry.

Speaking at the launch of the new commercial lease code, she said that the government will continue to monitor the situation between landlords and tenants and introduce legislation against upwards only reviews if possible.

‘Market forces have done a lot of the work, and many leases are now so short that they do not contain a provision for a rent review,’ Cooper said. ‘But we do have the option to legislate if the new lease code does not succeed and we will continue monitor how the situation works in practice.’