At its widest, the private rented sector in the UK comprises any property that is privately owned and which is rented to individuals as their principal home.
However the term PRS (who doesn’t need another acronym?!) is now associated with a more concerted drive towards volume delivery of purpose built housing schemes for rent and it is generally in this context which we refer to PRS below.
Read '...a little bit of law - The Private Rented Sector' here.
