Private Rented Sector - The Government's Missed Opportunity – What Now? 🤔🏠
A general election will be held on 4 July 2022 🗳️. What does this mean for the Renters (Reform) Bill and legislation in the PRS? 📜
To hold a general election, the Prime Minister must request that the King close parliament 👑, which was done on 22 May 📅. This means that all business in both the House of Commons and Lords must come to an end 🏛️, including any debate and progression of legislation.
Before it completely closes, there are several days when it’s ‘business as usual’ 🏢, as parliament attempts to complete any outstanding business 🕒. After years of work, debate, and discussion, the Renters (Reform) Bill was not completed in this time, which meant it didn’t enter into law ❌📜.
What now? 🤷♂️
It may be that we see the Renters (Reform) Bill in the future 🔮, either through the re-election of the Conservative government 🏛️ or another government proposing legislation like this bill in the future 🗳️.
However, it is unlikely that the private rental sector will see this exact form again.
In 2022, the Labour Party proposed plans for rental reform through their Renters Charter 📝, which planned to abolish no-fault evictions 🚫🏠, a legally binding Decent Homes Standard 🏡, and the introduction of a national landlord register 📋.
The Liberal Democrats also have their version of the Renters (Reform) Bill 📜, with similar promises as the Conservatives and Labour proposals. In their pledges, the Liberal Democrats aim to “strengthen rights for renters in the private sector” 💪, through banning no-fault evictions 🚫 and making longer tenancies default 📅.
As the political parties release their manifestos, we will have more information about their intentions 📢. While it's not a legal requirement for parties to adhere to their manifestos if elected, it will be a good indication of where they stand regarding the private rental sector 📊.
Watch this space! 👀
If you have any rental related queries we are here and ready to help.
📞 01474 321 957
📧 lettings@mandmprop.co.uk