BREAKING NEWS: Renters Rights Bill Becomes Law

The Landmark Legislation

In a significant development for renters across the United Kingdom, the Renters rights bill has now received royal assent, marking a historic shift in UK rental legislation. This new law aims to enhance the rights of renters and ensure fair treatment in the rental market. Landlords will need to adapt to these changes or work with a letting agent who can action this for them, as the bill promises to reshape the landscape of rental agreements.

Key Provisions of the Renters Rights Bill

The new law introduces several important measures which are set to benefit tenants greatly. Among these provisions are:

• Greater protections against eviction, ensuring tenants have more security in their homes.
• Restrictions on the amount landlords can increase rents by and limiting any increases to once every 12 months
• The removal of fixed term tenancies, moving to month - month agreements as standard 
• Increased standards for landlords to maintain properties
• Measures to tackle discriminatory practices in renting, promoting equality in the housing market.

Preparing for the New Era of Renting

Landlords must take proactive steps to prepare for the implications of this law. This preparation involves understanding the key aspects of the renters rights bill and the responsibilities that accompany it. Considerations include:

• Revising tenancy agreements to reflect new regulations.
• Utilising new routes for repossesion where needed. 
• Establishing clear communication channels for tenant concerns.

Need help preparing your tenancy for the new legislation? 

Contact The Lettings Club today for a free compliance review of your existing tenancy. 

Email: info@thelettingsclub.com

WhatsApp: +44 330 133 4919