The proposals in the Renters' Reform Bill go much further than many initially expected and cover a wide range of reforms for the private sector. Some of the most notable changes include:
- Abolishing section 21.
- Applying the Decent Homes Standard to the private rented sector.
- Introducing an ombudsman.
- Moving to a single system of periodic tenancies to simplify tenancy structures.
- Doubling the notice periods for rent reviews.
- Making it illegal for landlords to have blanket bans on renting to families with children or those in receipt of benefits.
- Improving the rights of tenants to have pets in properties.
These proposed reforms will have ramifications for landlords in the private sector. The government says that it recognizes the need for change and is taking action to create a better environment for renters and landlords alike. Speaking to our wide range of landlords, the abolition of the section 21 is what they have been most concerned by. The government have indicated that the white paper outlines their commitment to reinforce the justification for possession where the landlord has valid reason, while also supporting the majority of responsible landlords who offer quality housing to their tenants.
View Estate Agents SE1 are closely following the development of the Renters' Reform Bill and we are dedicated to providing expert advice and guidance to our clients. Stay tuned for updates on the future of the private rented sector.