Following the General Election announcement and subsequent dissolution of parliament, the Renters (Reform) Bill won’t go forward.
The Bill was going through the House of Lords when the election announcement was made. The 12 amendments tabled by the Lords meant the government simply ran out of time in the ‘wash-up’ period.
Coming up, we’ll unpack what any future bill might contain and what landlords should do now to stay compliant.
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 part of one of the largest property groups in the country, will help to shape its policy.
What will the new bill contain?
Most agree that 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.
In the future, we can hope that these issues can be addressed for the benefit of tenants whilst supporting the landlord’s interests.
What do landlords have to do now?
Landlords should learn more about the changes which will inevitably come. The penalties for even minor breaches will be significant so using a professional managing agent is important.
Work with Mullucks and we will keep you up to date with any new changes to legislation, provide state of the art tenancy agreements, and expert advice.
Speak to your local office for more information.
