Most days now, Lancaster landlords and tenants ask us about the renters reform bill.
Questions range from, What is it? When is it coming in? How will it affect me?
This is why we have written this short article which features the key points. If you would like to discuss it in more detail, please just contact me. For this article, I want to try and keep it simple!
What is it?
The Renters (Reform) Bill is one of the most significant pieces of legislation for private renters and landlords in the past 30 years. At the end of April, it went through its third reading in the House of Commons.
Key Features and Benefits
The key features are on the infographic above although the government has said it will delay the ban on Section 21 (no fault ) evictions to relieve pressures on court time.
The bill also incorporates the transition to rolling tenancies, introduces new guidelines allowing tenants to have pets, establishes England’s first landlord ombudsman, and introduces a new property portal. Tenants will be pleased to also know that any rental increases to just one a year, although I will add to this, I do know of many Lancaster landlords that haven’t increased their rent in years and equally do not intend to!
When is it coming?
The Conservative Party has committed to passing the bill into law before the date of the next General Election, which is widely anticipated to take place in the Autumn of 2024, therefore we expect to see the bill being passed in the next 4/5 months!
Do you have any questions? If so, please get in touch. My name is Josh Heron and at JDG we are to help. Please call me on 01524 843322 or email me at [email protected]
Thanks for reading
Josh
