Renters’ Rights Bill 🏡
📢 The Renters Rights Bill – What’s ‘in it’ and how will it impact Gravesham’s private rented sector? 📢
Opening the new session of Parliament on 17th July, King Charles III announced more than 40 Bills the UK Government has committed to introduce, with renters’ rights at the top of the legislative agenda. 📅👑
🏠 The Renters’ Rights Bill (Labour’s version of the Tory’s Renters (Reform) Bill) cements the Government's determination to ‘‘level decisively the playing field between landlord and tenant by providing renters with greater security, rights, and protections and cracking down on the minority of unscrupulous landlords who exploit, mistreat, or discriminate against tenants with bad practices such as unfair rent increases intended to force tenants out, and pitting renters against each other in bidding wars.’’ ⚖️🚫
The headlines of the Bill include:
🚫 Abolishing no-fault evictions (section 21’s)
✊ Empowering tenants to challenge rent increases designed to force them out ‘by the back door’
🛑 Stopping agents and landlords encouraging bidding wars
🐶 Giving renters the right to request a pet but enabling landlords to request tenants take out pet damage insurance
🏚️ Applying a ‘decent homes standard’ to the PRS
⚖️ Applying Awaab’s law to the sector – i.e., punishing agents or landlords who don’t fix damp and mould problems quickly
🗂️ Creating a digital national database of landlords and their properties.
The implementation and timing of the above are yet to be confirmed; however, we do expect the Section 21 notice to be abolished by January 2025, before the court systems have been ‘overhauled’. Given that evictions in Gravesham currently stand at around 9 months, we can expect this to now take longer! ⏳🏢
Noticeably, there was no mention of rent caps being introduced or landlords having to sell their properties to their tenants. We will, of course, update you with further details as and when it is available. 📢🔍
Should you need any help or advice in relation to a tenancy or rental property, please do not hesitate to contact our team. We are here and ready to help.
📞 01474 321957
✉️ lettings@mandmprop.co.uk
🌐 www.mandmprop.co.uk