Renters Reform: Important information for landlords and tenants

As a landlord, the first thing to remember today is, don’t panic. At PWD, we believe the proposed measures will have minimal impact on our landlords.

However, it’s crucial to stay informed about the new legislation. Feel free to reach out to us to discuss any concerns. We are ALRLA propertymark members and we’re available daily by phone, email, or in person at our Effingham office.

Propertymark has written to the Minsiter of Housing and Planning highlighting major concerns with the proposed bill and hoping for ammendments to benefit both Landlords and Tenants. 

Key talking points and what they mean in plain English at this stage if the Bill becomes law:

Abolition of Section 21 Evictions

Section 21, also known as "no-fault evictions," will be abolished. Landlords will only be able to evict tenants under specific conditions, such as rent arrears or if they wish to sell the property.

Rent Increases
Increases will be limited to once per year, and tenants will have the right to challenge any unreasonable hikes through a tribunal. This measure is designed to prevent rent increases from being used as a way to force tenants out.

Bidding Wars
Bidding wars for rental properties will also be banned. Letting agents and landlords must set a clear asking price, and they will no longer be able to accept bids above this amount.

Decent Homes Standard & Awaab’s Law
The Decent Homes Standard will now apply to the private rental sector. This ensures all rental properties meet minimum safety and quality standards, providing tenants with safer living conditions.

Renting with Pets
Landlords can no longer refuse a tenant’s request to have a pet without valid reasons. To mitigate concerns over potential damage, landlords will be allowed to request pet insurance. This change strikes a balance, ensuring that both parties are protected however valid reasons are uncertain at this stage. 

Strengthened Local Authority Powers
Local councils will have more authority to enforce these new rules. They can issue fines of up to £7,000 for initial violations, and up to £40,000 for repeated breaches.

These changes aim to make the rental market fairer and more transparent. If you’d like more information or want to discuss how these measures affect you, get in touch with us today. 

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