Wed, 25 Sep 2024 | Renters' Rights Bill


Joanne Kay, Head of Property Management at Prospect Estate Agency, breaks down the key points of the Renters' Rights Bill and what they mean for landlords.

With the bill set to bring significant changes to the rental market, it's important for landlords to understand how these changes will affect them.


Key Changes Introduced by the Renters' Rights Bill


  1. Abolition of Section 21 Notices: The most significant change is the abolition of Section 21 notices, commonly referred to as 'no-fault evictions'. Previously, landlords could regain possession of their property at the end of a fixed-term tenancy without needing to provide a reason. This will no longer be possible. Instead, landlords will need to rely on Section 8 notices, which allow possession under specific circumstances such as wanting to sell the property, moving back in, or allowing a family member to move in.
  2. Introduction of Periodic Tenancies: All tenancies will start as periodic tenancies, meaning there will be no fixed term. However, both landlords and tenants must provide two months' notice to end the tenancy, and notice cannot be given within the first six months. This change is intended to provide tenants with more flexibility while still offering landlords a reasonable timeframe to prepare for the end of a tenancy.
  3. Rent Increase Regulations: Rent increases will be limited to once per year and must be in line with current market valuations. Landlords will need to provide two months' notice for any proposed increase. This change aims to prevent excessive rent hikes and ensure that tenants are charged a fair market rate.
  4. Ensuring Equal Opportunities: The bill includes provisions to prevent discrimination against tenants, particularly those receiving housing benefits or those with pets. Landlords will need to consider each application on its own merits, and if a tenant meets the affordability criteria, they should not be rejected based on receiving benefits. Regarding pets, landlords cannot unreasonably withhold consent, and they will need to respond to pet requests within 28 days.
  5. New Grounds for Eviction: While the end of Section 21 may cause concern for some landlords, the bill provides new grounds under Section 8 notices to regain possession. These include selling the property, moving back in, or cases involving rent arrears or anti-social behaviour. These changes aim to balance tenant protection with the legitimate needs of landlords.
  6. Digital Portal and Ombudsman Service: A new government portal will be introduced, requiring landlords to register their properties. Managing agents may be responsible for ensuring compliance with this process. This portal will help maintain transparency and ensure that all parties are aware of their responsibilities and rights.

Preparing for the Changes

While these changes may seem daunting, there is no need to worry. The bill is expected to become law by late 2025, giving landlords ample time to adjust. Here at Prospect Estate Agency, we are committed to keeping our clients informed and prepared for any changes. We recommend staying in close contact with your property manager to ensure that you are always up-to-date with the latest developments.

What You Can Do Now:

  • Review your current tenancy agreements and understand how these changes might affect your properties.
  • Consult with your property manager about any potential adjustments needed for future tenancies.
  • Keep an eye out for updates from our team.

If you have any questions or concerns, please do not hesitate to contact us. Whether you are a current landlord with Prospect or considering becoming one, we are here to help you navigate these changes confidently and effectively.

Stay Informed and Prepared

The Renters' Rights Bill represents a significant shift in the rental market, but with the right support and knowledge, landlords can continue to thrive. At Prospect, we are dedicated to providing you with the guidance and expertise you need to succeed. Stay tuned for more updates and resources to help you manage your properties with confidence.

Contact us today