Contrary to what some may say the Renters’ Reform Bill may well be a positive for landlords. Long awaited since its initial promise in 2019, MP’s will have the opportunity to consider and debate the bill, no doubt as always there will be some deviation from what has been stated.
Some highlights of the bill below
:-
- There will be a single Private Renters' Ombudsman
- There will be a new property portal which will provide
greater clarity regarding compliance.
- There will be additional
protection under Section 8 with the introduction of mandatory eviction,
this occurs where a tenant has been in at least two months’ rent arrears
three times within the previous three years, regardless of the arrears
balance.
- Section 8 provides a new ground for possession after a minimum
period of six months - you can apply section 8 to a tenancy if you then
wish to sell a property, or even where you wish to allow family members to
move into a rental property.
- Tenants would need to provide two months’ notice when leaving a
tenancy, to ensure you can recoup the costs of finding a tenant and avoid
lengthy void periods.
- Stronger grounds to
evict based anti-social behaviour
The bill in my view does not
deserve the label of a landlord bashing license that some of the press have
given it.
As the leading agent in the area with over 1,200 managed properties we
are more than equipped to guide you through the process and as always I will
keep my clients informed as changes emerge and when the new rules will come
into play.
