What the Renters’...

Posted on Thursday, September 26, 2024

The End of Section 21 ‘No-Fault’ Evictions

One of the most talked-about parts of the Renters’ Rights Bill is the abolition of Section 21 ‘no-fault’ evictions. For years, this has allowed landlords to end a tenancy without giving a reason. Under the new Bill, landlords will only be able to evict tenants under specific circumstances, such as unpaid rent or if the landlord needs to sell the property.

While this might seem restrictive at first glance, it’s something that has been on the cards for a while. Rugeley landlords will still have legal ways to regain possession of their properties, but they’ll need to follow the new rules, ensuring tenants aren’t unfairly asked to leave. If you're planning to sell or move into your property yourself, you will still be able to evict tenants under these conditions.

 

Rent Increases and Bidding Wars

The Bill will also introduce rent control measures to ensure that rent increases are fair and predictable. Landlords will only be able to raise the rent once a year, and tenants will have the right to challenge any excessive increases through a tribunal. This is designed to prevent landlords from using rent hikes as a way to force tenants out.

Another important change is the ban on bidding wars. In recent years, some tenants have been forced to offer more than the advertised rent due to the high demand for housing. The new Bill will make this illegal. Rugeley landlords and letting agents will need to list a clear, fixed rent for properties and cannot accept bids above that rate. This change aims to promote fairness and transparency in the market.

 

Meeting the Decent Homes Standard and Awaab’s Law

The Decent Homes Standard, already applied to social housing, will now be extended to private rentals. This means that landlords must ensure their properties meet minimum safety and quality standards. Rugeley landlords who already maintain well-kept homes should find it easy to comply with these new rules.

 

Awaab’s Law, named after a tragic case involving a child’s death due to mould exposure in social housing, will also apply to private rentals. Landlords will be required by law to address serious health hazards, like damp and mould, within a set time frame. While this might seem like an added burden, most responsible landlords in Rugeley already ensure their properties are safe and habitable, so meeting these new standards should not be a challenge.

 

Renting with Pets

Another notable change is the new rule around tenants keeping pets. Landlords will no longer be able to refuse requests for pets without valid reasons. However, landlords can require tenants to take out pet insurance to cover any potential damage to the property. This change could work out well for both parties, as it gives tenants more flexibility while offering landlords financial protection.

 

Strengthened Powers for Local Councils

Local councils will have stronger powers to enforce the new rules, including issuing fines for non-compliance. Fines can range from £7,000 for a first offence to £40,000 for repeat offenders. These measures are mainly aimed at rogue landlords, so if you’re already following existing regulations, there’s no need to worry.

 

Got Questions?

At C residential, we understand that these new regulations can feel overwhelming. However, many of these changes have been in the pipeline for some time, and if you’ve been keeping up with recent updates, you’re likely already on the right track. If you have any concerns about how the Renters’ Rights Bill might impact you as a Rugeley landlord, please don’t hesitate to get in touch with us. We’re here to help you navigate these changes and ensure your property investments remain successful.

 

If you’d like a full copy of the Bill, feel free to contact us for a link.

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I set up C residential in 2002 and opened up the doors in January 2003. The company has gone through periods of growth and restructuring over the last 20 years. The last couple...

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I am Rugeley through and through. I love the town and feel very proud to have worked at C residential since 2016. I love the variety of this job and meeting the many new people...

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I started at the company in 2021. I have lived in Rugeley all of my life. After having personal experience of using C res for many years when I have bought and sold, I...

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Property Co-Ordinator AARLA

Hi I liked working at C residential that much that I have joined the team twice ! I now run the Lettings Department which launched in 2024. I am excited to welcome old and new...

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