Investors Beware – Renters Rights Bill soon to become law

Investors Beware – Renters Rights Bill soon to become law


Todays other news
Planning consent has been granted to transform a sandstone office...
The investment combines home, hospitality, and high-yield returns...
It will be up for sale in Bond Wolfe’s next...
Ecology Building Society has refreshed its range of self-build and...
Edinburgh Solicitors Property Centre says there's a thriving local property...

Peers in the House of Lords have voted to reject several pro-landlord amendments to the Renters’ Rights Bill. 

The Bill only needs to pass one more vote in the House of Commons before becoming law. 

The Lords voted to reject several proposals that would have balanced the legislation. These included:

  • Rejecting reducing the “no re-let” period to six months after a landlord evicts a tenant to sell the home. This means landlords will still be banned from re-letting a property for 12 months if they evict a tenant to sell the home, making it harder for unscrupulous landlords to abuse the system;
  • Rejecting extending the student possession grounds to one and two bedroom properties, which would have put postgraduate and mature students at risk of eviction at the end of the academic year;
  • Rejecting a proposal for landlords to request an additional pet deposit. We believe the existing five weeks’ rent is enough to cover damage by a pet;
  • Rejecting a new possession ground for a landlord to evict a tenant if they wanted to house a carer. We thought this could have been easily abused by landlords to evict. 

The Bill will return to the House of Commons soon before receiving Royal Assent to become law. The Government is likely to name an implementation date upon the legislation receiving Royal Assent which will give investors clarity on when the majority of the reforms will come into practice. 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The assessment comes from an expert at investment consultancy BuyAssociation...
The change is to help government meet its new homes...
The analysis uses the UBS Global Wealth report data...
Lucy Jones is chief executive of lettings agency Lomond...
The Budget is still two months away but is generating...
It could become law within a matter of days...
A new report casts doubt on the viability of Purpose...
Recommended for you
Latest Features
Planning consent has been granted to transform a sandstone office...
The investment combines home, hospitality, and high-yield returns...
It will be up for sale in Bond Wolfe’s next...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.