private rental sector

The Private Rented Sector (PRS) is a classification of United Kingdom housing tenure as described by the Department for Communities and Local Government, a UK government department that has amongst its remit the monitoring of the UK housing stock.

Other classifications are:

Owner-occupied
Rented from registered social landlords (housing association)
Rented from local authorities

The private rented sector consists of 2.7m dwellings in the United Kingdom or 10% of the total housing stock. Of this total, 2.4m are in England, representing 12% of the English housing stock. The sector has grown by over 10% in the last ten years and, according to the Centre for Economics and Business Research, is forecast to grow by a further 40% over the coming ten years.

(Referenced taken from Wikipedia)