Key Findings from the Renters Reform Bill Second Reading
+44(0) 20 7820 4774

The UK property landscape is evolving, and with the Renters Reform Bill having its second reading, it’s crucial for landlords to stay informed. The bill aims to balance the scales, providing security for renters and assurance for landlords. Here’s what you need to know:

Key Changes Proposed by the Bill

  • End of ‘No Fault’ Evictions: The bill proposes to abolish Section 21, ending ‘no fault’ evictions and shifting to periodic tenancies.
  • New Grounds for Possession: Landlords will have more grounds for possession, particularly in cases of anti-social behaviour or repeated rent arrears.
  • Protection Against Retaliation: The bill seeks to offer renters protection against retaliatory evictions.
  • Mandatory Ombudsman Membership: A new requirement for all private landlords to join an Ombudsman.
  • Introduction of a Property Portal: A new database for residential landlords and private rentals in England will be established.
  • Pet Policies: Tenants will gain the right to request pets in their rental homes, with landlords required to respond reasonably.

Additional Measures for Consideration

  • Decent Homes Standard: The bill will extend this standard to the private rented sector.
  • No Discrimination Against Benefits or Families: It will become illegal to refuse tenants based on benefits or family status.
  • Strengthened Council Powers: Local councils will receive more power to enforce standards and will need to report on their activities.

Current Status and What’s Next

The bill’s second reading highlighted a significant delay in abolishing Section 21, pending court system improvements. The third reading is slated for before the Christmas break, with intentions to enact the bill before the next general election.

Implications for Landlords

For landlords renting to overseas students or those accustomed to advance rent payments, the bill’s terms may affect payment schedules. However, flexibility in the payment period versus the rental period is expected to be clarified in the final bill.

Our Takeaway

The current proposals in the bill should not be a major concern for landlords. The overarching advice is to maintain your letting activities with confidence.

Stay Updated and Informed

We’re here to help you navigate these changes. If you have any questions about the Renters Reform Bill or your property portfolio, please reach out for tailored advice.

Keep Calm and Carry On Letting

The property market may be changing, but our commitment to providing you with the latest information and guidance remains steadfast. Stay tuned for updates as the bill progresses, and remember, we’re just a message away for support and assistance with your letting strategies.

This post was written by:

Steven Herd

Steven's extensive 30 years of estate agency experience in London culminated in launching MyLondonHome, which has enabled him to bring together a hand-picked team to provide the high level of quality advice, market strength and service he is renowned for.

Share this post

Join The Discussion

Similar Posts

This Free Service Could Help Stop Fraudsters Targeting Your London Property

The expression ‘safe as houses’ has been used for almost two centuries to describe something that is rock-solid and risk-free. But thanks to the elaborate efforts of a small but growing number of fraudsters, not even property is as safe as you think. Since the pandemic, there’s been a steady

What Property Owners in London Need to Know about Spray Foam Insulation

Insulating your home is generally a good way to cut back on energy bills and add value to your property. But there’s one type of insulation that could cause structural problems and prove costly in time and money: spray polyurethane foam (SPF). In this article, we explain why many professionals

Are You One Of London’s Best Landlords? Take Our Quiz To Find Out

So, you think you’ve mastered the art of letting properties? With every tenant you place and every lease you renew, you grow more confident in your prowess as a confident, caring and capable landlord. But are you one of the best landlords in London? We’ve put together a quick quiz

Subscribe to our YouTube channel to get a notification every time we post a video.

Compare listings