private rented sector

The private rented sector (PRS) refers to housing that is rented out by private landlords, rather than public or social housing provided by the government. In the PRS, individuals or families pay rent to live in a property owned by someone else, typically through a lease agreement. This sector can include various properties, from single apartments to entire houses. It plays a significant role in the housing market, offering more choices for tenants but also raising concerns about affordability, housing quality, and tenant rights. Overall, it contributes to addressing housing needs in many communities.