The 14th January saw the Renters’ Rights Bill receive it’s 3rd Reading, the Bill now progresses into the House of Lords. Several further amendments have been tabled (remember, these are proposals – subject to change);
- Tenants can demand rent repayment order compensation from superior landlords even if the landlord hasn’t received rent from them.
- Rent in advance to be capped at no more than 1 months rent.
- Guarantors to be banned under certain circumstances, including if tenant is on Universal Credit, or if a deposit has been paid.
- Fees for landlords to join the National Landlord Database suggested; £28.58 for a property to be included on the database for 3 years. Redress Scheme; landlords to pay £6 per property to join the Redress Scheme.
- A ban on landlords agreeing to tenancies more than 6 months in advance.
Matthew Pennycook MP and Housing Minister reiterated that the Bill will provide more protection for landlords and their properties.
MPs have raised issues with the Bill, following briefings with SWLA and other professional landlord/agent groups.
The Bill will face further scrutiny in the House of Lords, where we hope consideration will be given to the proposals that may cause negative consequences for landlords and tenants.
To follow the Bills progress click here; Renters’ Rights Bill – Parliamentary Bills – UK Parliament
