Residential properties are virtually always let either on an Assured Shorthold Tenancy or a lease. The former is generally for a year or less, and the latter will normally start at ten years or much beyond. UKIP would innovate a third category tenancy, known as a mediumhold, with a duration of between three to seven years. In so doing, tenants will have the option of greater security of tenure. Whereas, landlords will have secured longer term income and stability. Leading to greater asset value. With the potential to even charge premiums for mediumhold agreements on prime properties. Moreover, property owners will find themselves in a better equity position to support financial arrangements on their property because the extended tenancy will enhance their risk profile.

Mediumhold tenancies will not only give greater freedom and choice to both landlords and tenants but strengthen communities. Longer tenancies will mean more settled, less transient populations. Renewing the traditional sense of community spirit desperately missing from many urban British neighbourhoods.