Raine and Horne

Maxwell Raine: An Eye for Expansion Paddington. To see the swing from the types of workers living there then to the demographics we see today, with properties in the area often worth several million dollars, is quite remarkable.” Protected tenancies were common, often proving to be a headache for landlords, and through an extension of rent collecting Max became involved in some unique transfers of ownership. Owners of inner-city homes were typically eager to avoid spending large sums of money on repairs and renovations ordered by the authorities, especially on those properties where rents were still pegged at 1939 levels. Many properties involved protected tenancies where the tenant may have paid next to nothing in rent for several years. Looking back, Max notes: “In the days after the war, councils were giving all sorts of compliance orders to the owners. I’m thinking of one particular estate that received any numbers of orders for repairs to sewerage, water, drainage, and roofing. The owner told me, ‘we’re not going to spend any of this money. Go and sell the terrace houses to the tenants’. Many of the tenants had been there donkey’s years and were often wharf labourers – an awfully nice lot of people, who I remember very well. Top left: Chairman Max Raine reigns, standing tall with fellow Raine & Horne directors. Left: Break from official Raine & Horne directors’ meeting, 1989. Above: Grateful letter from Minister for Housing to Ministerial Inquiry Chair, Max Raine, for inner-city housing efforts. “The instructions from the owners were, ‘Just get the property off our books’. If the tenants will pay the price, great; but if they can’t pay it, say to them, ‘Here’s £50. Now, you give the £50 back to me and I’ll give you a receipt for the deposit’. The tenants couldn’t believe it. Faced with a protected tenancy the landlords were happy to pay the tenants to buy the place just to get out of owning the property with all the associated problems of repairs, maintenance and council orders.” A fortune of birth Max first joined Raine & Horne the privations of World War 2 had reduced the business to bare bones. During peak periods, 38