Emsleys Estate Agents Logo Posted: 18th May 2023

Lettings Update: The Renters Reform Bill

Yesterday the Government finally announced their renters reform bill. To copy the Government words “The bill is designed to improve the renting system for both the 11 million private renters and 2.3 million landlords in England”. Our Director of Lettings, Helen Jolly offers her comment:

The components of the bill areas below: 

  • Section 21 "no fault" evictions to be abolished
  • Periodic tenancies to become standard
  • Notice periods for rent increases to be doubled
  • Tenants given more rights to keep pets in properties
  • A new ombudsman covering all private landlords
  • A new property portal for private landlords and tenants

Future proposed changes for the private rented sector

  • Applying the Decent Home Standard to the private rented sector
  • Bans on renting to families with children or those on benefits to be outlawed

Much comment has been made on the shortage of rental properties in the country and subsequent rising rents. These being the result of many factors; changes to the tax system, 3% surcharge on stamp duty, rising mortgage costs and increased repair and maintenance bills and simply the feeling that they are not wanted. Tenants have been the losers as rents have risen with the lack of supply.

These reforms will not help the mood of Landlords but before throwing the towel in it may be better to take stock, read and digest the proposals, there may be some positives for the future. An easier to navigate rental system with recourse to an ombudsman for both parties and make the system of eviction less complicated. This the Government must ensure that these work and reassure Landlords that they are impartial.

If these can also reduce the polarisation of Landlord and Tenants and each group can look at the others point of view and difficulties, then perhaps more people maybe encouraged to be landlords.

As continually lamented the only cure to the crisis is to have more rentable properties in all area’s city, town, village, and hamlets. From my many years in the industry tenants come both young and old and what they need is choice. Landlords want tenants that pay the rent on time and who look after the property. Here are at Emsleys we work hard to match tenants with landlords and vice versa.

In blogs to come I will breakdown the headlines above and give more details to the proposals. These are still to go through the Parliamentary system and its likely to be another 18 months before some of the reforms come into effect and longer for others.

Stay tuned…

Lettings Update: The Renters Reform Bill
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