The property industry is preparing for one of the most significant overhauls in decades: the much-anticipated Renters’ Rights Bill. The bill is to make the rental market fairer and more secure and is legislation is moving steadily through Parliament. To help keep you informed, here is a breakdown of what is included, how it may impact you, and what steps you can take now to be ready.

What is Changing?

1. The End of Section 21 Notices
   The Bill proposes abolishing Section 21 notices, meaning landlords will no longer be able to evict tenants without providing a valid reason.
2. Updated Grounds for Possession
   To replace Section 21, a revised set of grounds under Section 8 will be introduced. These include cases of rent arrears, anti-social behaviour, or landlords wishing to sell or move back into the property.
3. Introduction of Periodic Tenancies
   All assured shorthold tenancies will automatically become periodic, with no fixed end date. Tenants will have the flexibility to leave by giving two months’ notice, while landlords can regain possession using specific grounds themselves.
4. A New Property Portal (Landlord Register)
   A digital platform will be launched where landlords must register and provide essential information about their properties. This will deliver a single “front door” to help landlords understand their obligations while giving tenants further insight into their landlords’ compliance. This aims to improve standards and transparency across the private rented sector.
5. Decent Homes Standard Extended to Private Rentals
   For the first time, the Decent Homes Standard – previously applicable to social housing only – will be applied to privately rented properties. Landlords will need to follow these standards to ensure properties meet minimum standards of safety, warmth, and decency.
6. Regulation of Rent Increases
   Landlords will be permitted to raise rents only once per year, with increases required to align with market rates. Additionally, rental bidding wars will be prohibited; landlords and agents must publish a clear asking rent and cannot accept offers above this price.

7. Implementation of ‘Awaab’s Law’
   Landlords will be legally required to address serious health hazards, such as mould and damp, within specified timeframes.

What This Means for Landlords

• The removal of section 21 means landlords will need to manage properties carefully, ensuring compliance and keeping detailed records to support any future possession claims.
• Preparation for the new landlord portal is also key—ensuring properties meet safety and condition standards.

What You Can Do Now To Prepare?

• Review all of your tenancy agreements and ensure they are up to date.
• Check all safety and compliance certifications for all properties (e.g., gas safety, EPCs) and make sure they are all up to date and compliant.
• Familiarise yourself with the Section 8 Notice (issued under Section 8 of the Housing Act 1988) and document all of your tenancy records thoroughly.
• Start planning for registering your properties once the new landlord’s portal becomes mandatory across the industry.

Need Help Preparing?

With legislation getting ever complicated, a managing agent has never been more essential to ensure you are covered.  Our experienced team is on hand to guide you through the impending changes. Whether you’re a landlord, tenant, or property investor, we are here to ensure you are fully informed and compliant as any new legislation comes into force.  If your property is already managed by Watsons – don’t worry.  We are constantly monitoring the changing political background and are making the necessary changes to ensure your property is ready for the Bill!