The Renters (Reform) Bill has missed its opportunity to be passed into law.
The Bill was going through the House of Lords when the announcement for the General Election was made. The 12 amendments tabled by the Lords meant the government simply ran out of time in the ‘wash-up’ period.
But will there be a new bill and what should landlords do to stay compliant? In this article, we look into the future of rental reform in England and what you can do to ensure you’re ahead of any future legislation.
Will there be a new Renters (Reform) Bill?
Renters reform will be high on the agenda of both the current government and main opposition parties. However, any new reform bill will have to start from the beginning.
Make no mistake, reform is coming and we, as a member of one of the largest property groups in the country, will help to shape its policy.
What will the new bill contain?
It is fair to say the previous Renters (Reform) Bill was poorly drafted and created a lot of unintended consequences.
Both Labour and the Conservatives agree that section 21 should be abolished. Labour has even said it would abolish no fault evictions on day one of a Labour administration.
Hopefully any new bill will address these issues for the benefit of tenants whilst supporting the landlord’s interests.
What should landlords do now?
If you’re a landlord, you should educate yourself about the changes which will inevitably come. The penalties for even minor breaches will be significant so using a professional managing agent is critical.
When you work with us, we will keep you up to date with any new changes to legislation, provide professional tenancy agreements, and expert advice.
Want to learn more? Speak to your local office for more information.
