On 11th September 2024, the UK Government introduced the Renters’ Rights Bill to Parliament. This bill aims to create a fairer and more stable rental market, benefiting both tenants and landlords by ensuring better living conditions and clearer regulations. While there have been mixed responses from ministers, agents, and organizations such as Propertymark, the bill represents a key manifesto pledge from the Government.

What is the Renters’ Rights Bill?

The Renters’ Rights Bill is a significant piece of legislation designed to transform the rental market. Here are the key changes proposed:

Banning of Section 21 Evictions

The most headline-grabbing change is the banning of Section 21 evictions, also known as ‘no-fault evictions’. Currently, Section 21 notices allow landlords to evict tenants without providing a reason. The motivation behind this change is to provide tenants with greater security and stability, ensuring they cannot be evicted without a valid reason.

Restrictions on Rent Increases

Another major change is that landlords will no longer be able to include clauses within tenancy agreements that allow for rent increases mid-tenancy. The bill will also limit the amount by which landlords can increase rent and enhance tenants’ ability to challenge excessive rent hikes. This aims to make rent adjustments more predictable and fair for tenants.

Removal of Fixed-Term Tenancies

The bill proposes the removal of fixed-term tenancies, which will provide tenants with more flexibility and security. This change is intended to prevent tenants from being locked into long-term agreements that may not suit their changing circumstances.

Improved Living Conditions

The bill includes measures to improve living conditions for tenants. This involves stricter regulations on property maintenance and safety standards, ensuring that all rental properties are safe and habitable. The introduction of Awab’s Law to the Private Rented Sector (PRS) is a key part of this effort, focusing on addressing issues such as mould and dampness.

Next Steps

The next reading of the Renters’ Rights Bill is scheduled for 9th October 2024, where further updates and discussions are expected. This will be a crucial stage in the legislative process, determining the final shape of the bill and its provisions.

Stay tuned for more updates as this important piece of legislation progresses through Parliament.