Louise Marin-Bataller discusses renters’ rights and plugging the PRS gap in Estates Gazette
There is no doubt the Renters’ Rights Bill will be law soon and has clear benefits for
tenants, who will no longer be at the mercy of landlords serving a section 21 notice, which
currently forces tenants to leave a property.
On the flip side, in the face of more regulation, uncertainty on rents and longer periods before
proceedings for rent arrears can be commenced, there is concern that private rented sector
landlords will leave the rental sector. This will reduce rental supply in an already undersupplied
market and will place greater emphasis on delivery via new build-to-rent schemes.
Some of the key changes in the Bill include capping advance rent payments, abolishing section
21 “no-fault” evictions, ending bidding wars and an update to section 13, which enables tenants
to challenge rent increases with no risk and no cost. A PRS landlord ombudsman will also be introduced to provide quick, impartial and binding resolutions for tenants’ complaints about their landlord.
Read the full article in Estates Gazette here.
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