Renters Rights Bill impact on landlords & tenants l Let's Talk with Robin & Pippa
Big change is on the horizon for 2025 in the private rental sector which accounts for 20% of UK housing. The Labour government are pushing their Renters Rights Bill through parliament with a view to implementing key changes from Summer 2024.
In this video, Pippa Scott-Haynes and Robin Cowley from our Senior Leadership team take a moment out the office to discuss the new legislation, namely abolishing section 21 notices for terminating a tenancy, mandatory periodic (month to month) tenancies with no fixed terms and tighter rules around rent increases. Both with a wealth of lettings and property management experience, they share their views on the impact the Bill could have on landlords and tenants if elements are passed through in their current state without further consideration. The Bill is still in the Committee Stage with evidence and amendments, but there are so many factors to take into account if the Government want the changes to address the issues they intend it to.
If you missed out on our initial blogs where we summarised the proposed changes and reasoning behind the decision to introduce the Renters Rights Bill please take a moment to read the background details.
Please click here for a summary of the changes under the act followed by a more in depth focus on the matter of abolishing section 21 notices. We also shared our own opinions on the impact it is likely to have on the sector.
Our next blog was shared when the Bill passed the second reading through the House of Commons in October looking at the impact of all tenancies becoming periodic from the outset, including existing tenancies.
There are more changes covered under the act that they didn't even have time to discuss, such as pets, discrimination, rent bidding and much more. As the bill continues to progress through parliament we will continue to make our voices heard by sharing opinions and making sure any change which will have such a significant impact on our industry is done for the right reasons to resolve the right issues. To keep up to date, please make sure you follow us on social media @sandersonsuk and register for our newsletter.
