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The King’s Speech 2024 – What’s in store for landlords?

Posted on July 18th, 2024

Over 40 Bills were announced at the State Opening of Parliament (in the King’s speech) on 17th July, including the Renters’ Rights Bill.

Commentary about the new Renters’ Rights Bill published from the government:

“The Government is determined to address the insecurity and injustice that far too many renters experience by fundamentally reforming the private rented sector and improving the quality of housing in it.

“We value the contribution made by responsible landlords who provide quality homes to their tenants and believe they must enjoy robust grounds for possession where there is good reason to take their property back.

“However, the Government is determined to level decisively the playing field between landlord and tenant by providing renters with greater security, rights and protections and cracking down on the minority of unscrupulous landlords who exploit, mistreat or discriminate against tenants with bad practices such as unfair rent increases intended to force tenants out, and pitting renters against each other in bidding wars.

“The Renters’ Rights Bill delivers our manifesto commitment to transform the experience of private renting, including by ending Section 21 ‘no fault’ evictions – we will take action where the previous Government has failed.

“The Bill will give renters much greater security and stability so they can stay in their homes for longer, build lives in their communities, and avoid the risk of homelessness.”

 

Details so far about the Renters’ Rights Bill
• Abolish Section 21 and expand Section 8 grounds for possession
• Give tenants the power to challenge rent increases that may be designed to ‘force them out’
• Ensure landlords consider pet requests and not unreasonably refuse – landlords can request that tenants take out pet damage insurance
• Introducing a Decent Homes Standard
• Extending ‘Awaab’s Law’ to the PRS (so that private landlords swiftly deal with hazards, damp and mould problems)
• Create a digital national database of landlords and their properties, i.e. a national portal
• Create a new ombudsman service for the private rented sector to provide impartial and binding solutions to reduce the need for court proceedings
• Prevent discrimination against tenants with children or those who receive benefits
• Preventing agents and landlords from encouraging bidding wars

 

As you can see – the proposed details above are largely the same as the Conservative’s ‘Renters (Reform) Bill’.

 

Next steps for the legislation

Draft Bills are issued for consultation before being formally introduced to Parliament. This allows proposed changes to be made before the Bill’s formal introduction.

 

The Kings Speech can be read in full here; https://www.gov.uk/government/speeches/the-kings-speech-2024

 

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