{"id":6102416,"date":"2024-09-12T13:46:52","date_gmt":"2024-09-12T12:46:52","guid":{"rendered":"http:\/\/www.buyassociationgroup.com\/en-gb\/?p=6102416"},"modified":"2024-09-12T13:46:52","modified_gmt":"2024-09-12T12:46:52","slug":"renters-rights-bill-2024","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/renters-rights-bill-2024\/","title":{"rendered":"Renters Rights Bill 2024: the key points landlords need to know"},"content":{"rendered":"

The Renters’ Rights Bill 2024 – formerly called the Renters’ Reform Bill under the Tories – is making progress, but what’s changed for landlords?<\/h2>\n

Both this government and the last have acknowledged that reform is needed in the UK private rented sector<\/a> (PRS), with changes put forward to offer more protection to tenants, as well as to improve the market for landlords.<\/p>\n

A lack of clarity and progress over the years may have caused property investors and landlords some unease over what the new legislation could mean for them. But by staying informed of any upcoming changes, landlords can ensure their own compliance.<\/p>\n

Furthermore, much of the new Renters Rights Bill is aimed at weeding out poor properties and sub-standard landlords – which thankfully only represents a very small proportion of the overall private rented sector. Making these improvements is expected to boost standards across the board, increasing the desirability of renting<\/a>.<\/p>\n

The main difference between the two Bills<\/h3>\n

The Conservative Party had already got their Renters Reform Bill through to a second reading in Parliament, but it unfortunately didn’t make it any further before the general election was called. Much of the new Renters Rights Bill is unchanged or very similar, but there are some differences.<\/p>\n

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  1. Labour have said that they hope to bring an end to Section 21 “no-fault” evictions “immediately through the Renters Rights Bill. This is where a landlord can evict tenants for apparently no reason. Some argue that Section 21 evictions are sometimes used unfairly, such as when a landlord wants to significantly hike the rent and so gets rid of existing tenants to bring in higher paying ones. However, others argue that Section 21 is a useful alternative to Section 8 evictions (which can be used when tenants aren’t paying rent, for example), as these can be a more lengthy process.<\/li>\n
  2. Labour wants to bring Awaab’s Law to the private rented sector in its Renters Rights Bill. At the moment, it applies only to the social housing sector. It was brought in after the death of two-year-old Awaab Ishak from exposure to mould in his social housing home, and means landlords must respond and act quickly if damp or mould are reported in a home.<\/li>\n
  3. The Renters Rights Bill looks at banning bidding wars between tenants, with landlords potentially being banned from accepting higher-than-advertised rents. It could also ban in-tenancy rent increases.<\/li>\n<\/ol>\n

    It is important to note that the Renters Rights Bill is currently in draft form, and therefore the current proposals may not come to pass as law, or may be altered as the Bill makes its way through Parliament.<\/p>\n

    A summary of key points in the Renters Rights Bill<\/h3>\n

    According to the government<\/a> website, the Renters Rights Bill will:<\/p>\n