As we always aim to keep you in the loop with the current changes please see a review as of yesterday.
What is the Renters Reform Bill? The Renters (Reform) Bill is one of the most significant pieces of legislation for private renters and landlords in the past 30 years. Introduced to parliament on 17 May 2023, the bill must now go through a lengthy parliamentary process before it becomes law.
The bill has generated diverse responses from both parliament and the private rented sector. The main headline in the media has been the proposed abolition of section 21 (so-called "no fault" evictions).
However, there are many other significant proposals - such as the move to rolling, periodic tenancies, new rules for pets in lets, a new property ombudsman, and a new property proposal.
The bill's second reading took place in the House of Commons, this week on Monday 23 October.
MPs debated terms of the bill and raised queries, concerns, and views. The headline changes from the debate were the delay in abolishing Section 21, which will now only be implemented once changes are made to the courts process.
The start of the parliamentary year will begin on 7 November with the King's Speech. The bill will therefore carry over into the next parliamentary session.
At present there are no changes that will impact you as a landlord but as always we will keep you up
to date prior to any changes in law and ensure you have full understanding of how they will impact your tenancies.