The much talked-about Renters’ Rights Bill has passed its latest stage in Parliament having undergone detailed scrutiny in the House of Lords. Moving to the Report Stage, the bill is to be put to the floor of the House of Lords for a vote before returning to the Commons and then moving to Royal Ascent.
It has been reported that Deputy Prime Minister Angela Raynor is keen to push legislation through before the one-year anniversary of Labour’s General Election victory in early July 2024 and has been urging the House of Lords to work more quickly to achieve this aim. Even if the law passes by this date, the government has pledged to give notice before it becomes active with current estimates suggesting this would be October at the earliest, possibly into the first quarter of 2026.
The Renters’ Rights Bill represents significant changes to the Private Rental Sector with the abolition of Section 21, the end of fixed term tenancies, tighter guidelines on dealing with maintenance issues etc. Much of the ‘noise’ around the Bill paints consequences for landlords in a negative light, yet an experienced, well-informed agent will help navigate the potential pitfalls.
