The Renters’ Rights Bill edges ever closer to becoming law

Changes to overhaul the private rented sector across England have been a long-held ambition from Labour and has paved the way for the planned introduction of the Renters’ Rights Bill.

Over the last twelve months the legislation has been working its way through Westminster and has been subject to oversight and debate within the House of Lords regarding proposed amendments, all of which are aimed at strengthening and refining areas of the Bill before it becomes law.

The new legislation proposes many wide-ranging evolutions, such as a ban on Section 21 ‘no fault’ evictions, it also aims to simplify the process of having pets in rental properties, as well as remove fixed-term tenancies, and adds provisions to help improve and safeguard property standards. It is vital that all new legislation brings a fair balance to all parties involved and helps encourage future investment within the private rented sector. It is important that housing supply keeps pace with demand, especially as we continue to see sustained population growth.

The proposed legislation must be futureproof in its ambition to lift standards, it is also essential that all aspects of the bill are measurable, and that key elements are enforceable to ensure intended new standards are adhered to.

The House of Lords has backed a series of amendments to the Renters’ Rights Bill, many of which Propertymark have campaigned for to help create a healthy, fair, practical and professional private rented sector.There have, however, been concerns about how the new legislation will be implemented and the capacity of the courts system to deal with the potential spike in cases following the proposed abolition of Section 21 evictions. Propertymark have expressed concerns on how the current legal system may cope without adequate new funding and resource moving forwards.

Another key concern is that without an enhanced and well-resourced enforcement regime from local authorities, it is unlikely that many of the benefits from the new reforms will be fully realised. Propertymark continues to encourage the UK Government to assess and invest in these areas to help ensure the proposed bill is efficient and effective.

Nathan Emerson, CEO of Propertymark, comments:

“As the Renters’ Rights Bill continues to edge closer to becoming law, it’s right that the House of Lords bring full scrutiny to the many amendments proposed. From the outset, the sheer complexity involved in creating a balanced piece of legislation to serve both tenants and landlords fairly should not be underestimated.

“The Bill will represent some of the biggest evolutions seen within the rental sector in over thirty years, and it is encouraging to witness comprehensive discussion to help ensure the proposed legislation is fit for purpose and responsive to future needs.

“It must strike a workable balance between tenant needs, ensuring landlords are supported in their ambition to provide high-quality properties, and the need to encourage future investment in building sustainable housing to keep pace with ever-increasing demand.”

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Homebuyers saving over £4,000 in SDLT despite increase

Homebuyers saving over £4,000 in stamp duty despite threshold increase, by opting for this particular property type The latest research from over-50s property specialists, Regency Living, reveals that homebuyers opting for a park home instead of a traditional bricks-and-mortar property are an average of £4,316 better off due to not having to pay Stamp Duty…
Read More
Breaking News

Industry reacts to latest Gov HousePrice Index

The latest index shows that: – The average monthly rate of house price growth in May rebounded to 1.1% following the -2.7% decline seen in between March and  April. The average annual rate of house price growth in May was up 3.9%. As a result, the average UK house price is now £269,000.   Colleen…
Read More
Cozy Pet Cat Tree Grey
Breaking News

Renter’s Rights Bill pet u-turn creates more questions than answers

The latest U-turn in the Renter’s Rights Bill (RRB) concerning pet ownership may temporarily protect landlords from the cost of pet-related damage, but it leaves major questions unanswered, warns Inventory Base, the UK’s leading property inspection platform. As confusion grows around whether the proposed pet deposit amendment will pass, the industry is left in limbo,…
Read More
Breaking News

Landlords See Higher Net Returns

Landlords See Higher Net Returns Despite Rising Start-Up Costs and Falling Buy-to-Let Incomes New research from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, reveals that, despite an increase in start-up costs and a reduction in total buy-to-let income, the average UK landlord has seen an improvement in net returns when…
Read More
Breaking News

London lettings market gains momentum in June

London lettings market buoyed by surge in supply and growing renter activity, Foxtons data shows   Heightened rental activity in June, with applicant registrations rising 21% month-on-month Supply surged to its strongest level in four years, with almost 45,000 new listings recorded in June, an 18% increase on May   Average weekly rent climbed 1%…
Read More
Breaking News

The Renters’ Rights Bill edges ever closer to becoming law

Changes to overhaul the private rented sector across England have been a long-held ambition from Labour and has paved the way for the planned introduction of the Renters’ Rights Bill. Over the last twelve months the legislation has been working its way through Westminster and has been subject to oversight and debate within the House…
Read More