The Queen has spoken...

20/12/2019 8:54 PM

Despite warnings from Landlords and industry experts, it was confirmed in the Queens speech that the Renters' Reform Bill will be introduced. The main elements of this bill will be:

  • Abolishing the use of ‘no fault’ evictions by removing section 21 of the Housing Act 1988 and reforming the grounds for possession.
  • Giving landlords more rights to gain possession of their property through the courts where there is a legitimate need for them to do so by reforming current legislation. In addition to this the government will also work to improve the court process for landlords to make it quicker and easier for them to get their property back sooner.
  • Introducing a new lifetime deposit so that tenants don’t need to save for a new deposit every time they move house.
  • Continuing to develop and implement measures to wider access to and expand the scope of the database of rogue landlords and property agents giving greater powers to drive improvements in standards, and empowering tenants to make an informed choice about who they rent from.

The RLA states that Landlords have warned of a 'mass sell-off' of homes which could lead to a rental crisis. Homes are already in short supply, and taking away the safety net of the Section 21 process could be too much for some Landlords. There are widespread claims that this process is abused, but controls were introduced to prevent things such as retaliatory eviction in the Deregulation Act 2015.

More information will become available over the coming months/years. As long as the section 8 process is properly reformed, and the courts process is sufficiently transformed then the sector will adapt to these changes as it has before.

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