Synopses & Reviews
Synopsis
Excerpt from Increase of Rent and Mortgage Interest (War Interest Act, as Amended by the Courts (Emergency Powers) Act, Powers) The Increase of Rent, Etc, (Amendment) Act, and Increase of Rent, Etc, (Restrictions) Act
The effect Of the war on the Housing Problem is unfortunately too well known to all to need explana tion. Already in 1915 the stoppage Of building and the access Of population to munition and other areas had given rise to a process Of rent-raising. The Act of 1915 was passed, checking this process as regards the smaller class Of property; and since the landlord's apology for rent-raising was usually that he had been required to pay a higher rate of interest by his mortgagee, the Act also imposed a check on the increase Of mortgage interest. Amendments on minor points of the Act Of 1915 were made by the Courts (emergency Powers) Act, 1917, and the Increase of Rent and Mortgage Interest, &c. (amendment) Act, 1918.
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