The Renters’ Rights Bill
The Renters’ Rights Bill 2024 was introduced by the new Labour government in the Kings Speech, the aim is to transform the experience of private renting. It is expected to come into force in the spring/summer of 2025, the Bill is currently making its way through the parliamentary process.
Whilst yet to become law, and subject to change, we wanted to share what is proposed under the Bill. Some of the key points are noted below.
- Whilst the Bill removes use of the Section 21 “no fault” notice as a method for landlords to gain possession, it is replaced by enhanced mandatory grounds for possession for breach of contract and when landlords either wish to sell or move into a property.
- The Government will improve the court service to ensure that possession claims are quickly dealt with. This will include digitalisation to help streamline the process.
- Fixed term tenancies will come to an end and be replaced by periodic tenancies.
- Tenants will be able to end a tenancy subject to serving 2 months-notice.
- The Bill contains a mechanism for landlords to increase the rent to market levels on an annual basis.
We are working closely with industry bodies and engaging with the Ministry of Housing, Communities and Local Government as the passage of the Bill continues.
Book your 30-minute complimentary property consultation by phone: 020 8994 7327 or email: pm@bluecrystallondon.co.uk.
