What the new renters’ rights bill means for landlords and renters
Historic Renters’ Rights Bill is now law – what it might mean for you
- The UK's new renters' rights bill aims to enhance tenancy security and strengthen tenant protections in England.
- Key provisions include extending "Awaab's Law" to the private rental sector for damp and mould issues, establishing a landlord ombudsman, and creating a private rented sector database.
- The legislation seeks to abolish "no-fault" Section 21 evictions and end the practice of "rental bidding", though the effectiveness of the latter in controlling rent prices is questioned.
- The bill has been criticised for not addressing lengthy court delays for landlord repossessions, which could complicate property recovery for landlords.
- The reforms are expected to increase costs for landlords, potentially leading some to exit the market, which could impact property prices, tenant rents, and the composition of landlords.