In May 2023 the Government released it’s long anticipated Renters (Reform) Bill. The purpose of the Bill is to create a fairer rental sector, but what does this mean for you?
The Bill has not yet been finalised, so the finer details are still to be confirmed, but here are some of the key changes being proposed and what we know so far:
1. Abolishment of Section 21 Notices (No Fault Eviction) and new grounds for eviction
The abolishment of Section 21 Notices will make it harder for Landlords to obtain vacant possession of their properties. However, the Bill suggests that the less commonly used, Section 8 Notice will be reformed to include more grounds for possession, such as if a Landlord wishes to sell their property or if they or a family member wants to move back in.
2. Abolishment of Fixed Terms
The abolishment of Fixed Term Tenancies will mean that all tenancies will be ‘open-ended’ and run on a periodic basis. Tenants will be able to serve notice at any time, although the notice a Tenant has to give is expected to increase from one month, to two.
3. Landlord register
It will become a legal requirement for all Landlords to register themselves on a new national Landlord data base.
4. Consideration for pets
Landlords will not be able to unreasonably refuse pets. However, if a superior Landlord (freeholder) does not allow pets, then a Landlord can refuse (you can normally find this out from your headlease).
5. Rent increases
All rent increases will need to be served via the Section 13 notice procedure, with two months’ notice.
What should landlords do to prepare for the Renters (Reform) Bill?
With all these changes, having a fully managed service has never been so invaluable
Whilst these changes may seem daunting, the lettings industry, and we at Country Properties are used to adapting and navigating new legislation. Our established, and dedicated property management team are here to help guide and successfully manage your tenancy.
To enquire today about our fully managed service or for more information regarding the Renters Reform Bill please get in touch with your local branch today.
