Property Management in Putney
020 3637 7968
Article part 1 of 2
The 2023 King’s Speech on Tuesday reconfirmed the government’s commitment to the Renters (Reform) Bill which promises a ‘once-in-a-generation overhaul of housing laws’.
“Renters will benefit from stronger security of tenure and better value, while landlords will benefit from reforms to provide certainty that they can regain their properties when needed.”
King Charles III
New legislation in the UK normally becomes law on either the 1st of April or the 1st of October each year. The Renters Reform Bill was published on 17 May 2023 but the second reading did not take place until 23 October 2024 meaning it is now unlikely to receive Royal Assent until the spring of 2024. The Renters Reform Bill will begin to be implemented at least 6 months after Royal Assent for new tenancies, and 18 months after for tenancies already in place.
The main elements of the bill included measures to:
The government will also bring forward legislation as part of the Bill to:
For our Landlords, there are no actions you need to take at this time. It will be some time before anything needs to be implemented and there may be several amendments along the way. We will be keeping a close eye on developments and will be providing plenty of guidance and support when the time comes to prepare for these changes.
We are optimistic that landlords shouldn’t see a negative impact from the proposed changes. Some elements, such as the strengthened Section 8 eviction grounds, give landlords more rights to gain possession through the courts where there is a legitimate need for them to do so. The introduction of a new dedicated Rental Property Ombudsman and portal could also be of benefit to landlords.