Renters Reform Bill - Coming Soon

It's important to keep yourself updated with the upcoming Renters Reform BIll - whether you're a tenant or Landlord.

Keep in mind that nothing is set in stone just yet, but preparing yourself for the potential changes is important - to stay afloat within the property market, you must know the latest know-how. It's a good thing we're here to help with that.

Below are some points correlated from DataLoft to provide some updates:

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.

The government has said it will delay the ban on Section 21 evictions to relieve pressures on court time. However, there are also many other significant proposals that affect tenants, letting agents, and landlords.

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.

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. Source: #Dataloft by PriceHubble, Goodlord. April 2024