Renters Rights in London
The Renters’ Rights Bill had its second reading in Parliament on 9 October 2024
It is estimated that there are around 11 million renters in the UK. That’s a sizeable chunk of voters keen to know how their rights as renters will change once the Renters Rights Bill becomes law.
As busy Landlord and Tenant Solicitors in London, we know that tenants eagerly await the new law whilst private landlords dread the budget on 30 October 2024 and the introduction of the Renters Rights Act.
In this blog, The Head of the Landlord and Tenant Department, Nollienne Alparaque looks at the latest developments in the Renters Rights Bill.
Online and London Landlord and Tenant Solicitors
For landlord and tenant legal advice call the experts at OTS Solicitors on 0203 959 9123 or complete our online enquiry form.
Provisions in The Renters Rights Bill
Here is a recap of some of the key provisions in the Bill:
- The end of Section 21 no-fault evictions
- End of tenancy notice periods will increase from two to four months
- Protected tenancy periods where a tenant is protected from eviction within the first year of a new tenancy to provide a degree of rental stability
- No re-letting provision for 12 months where a landlord secures possession on the basis that they are selling up
- No rental bidding wars – rental property will only be allowed to be rented at the advertised price
- Rent rises limited to once a year and rises limited to market rates
- Tenants will be able to challenge unreasonable rent rises
- An end to discrimination so tenants can't be refused a tenancy agreement because, for example, they have children or are on benefits
- Tenants will be able to request the right to rent with a pet with a landlord only able to refuse if it is reasonable to do so
- New ombudsman service for landlord and tenant dispute resolution
- Decent homes standard to encourage tenants to report if their homes are damp, dangerous or require repair
- Local authorities to be able to fine landlords up to £40,000 for regulation breaches
- Landlord database or register
With all these provisions the key is the detail. It will also take time for landlords, their agents, local authorities and tribunals to get to grips with the provisions.
Our thoughts on The Renters Rights Bill
You only have to look at the impact of rent control measures in Scotland to understand that changes to Landlord and tenant law have to be carefully thought through. What may appear, at first glance, to improve the lot of tenants can have unexpected consequences.
The Head of the Landlord and Tenant Department Nollienne Alparaque says
‘’Landlord and tenant law reform is massively overdue – everyone seems to agree on that but does The Renters Rights Bill strike the right balance? As someone who works to protect tenant rights and who acts for private landlords, I can see that some of the rights appear on the surface to be good news for tenants but I do worry about the long-term consequences for the rental market in London. I appreciate that reforms that encourage landlords to sell up may seem like a good thing to people keen to see housing equity in London but many tenants in London just aren’t able to buy or get mortgage approval even if house prices come down and there are more properties on the market. Let’s also not forget that many landlords are working people who accidentally became landlords or who were encouraged to invest in property to help fund their retirement. I think it will be a case of some winners and losers - but they won't necessarily be who you expect.’’
If you need advice on renter rights now as either a tenant or a landlord then our London specialists can help you understand your rights and your obligations with expert legal advice on:
- Section 21 and 8 notices
- Deposit disputes
- Tenancy agreement disputes
- Letters before action
- Possession proceedings
- Eviction
- HMOs
Online and London Landlord and Tenant Solicitors
For landlord and tenant legal advice call the experts at OTS Solicitors on 0203 959 9123 or complete our online enquiry form.
Related Posts
Landlord Guidance on Section 21 Notices
Remedies When Your Tenants Stop Paying The Rent
The Legal Requirements for Landlords
Top Reasons Landlords are Fined
Remedies When Your Tenants Stop Paying The Rent
Landlord and Tenant Disputes Over Deposits and Fair Wear and Tear