2025 will see the introduction of the Renters’ Rights Bill.
While the Bill is still under debate in Parliament, it is widely anticipated to take effect by the summer of 2025. Current landlords will be impacted by these changes and may need to take proactive steps — but we’re here to help!
The legislation will bring significant reforms, including the end of fixed-term tenancy agreements, transitioning all tenancies (including existing ones) to periodic agreements. Landlords will be restricted from issuing notice during the first 12 months of a tenancy, and notice periods will also be adjusted. Rent increases must be evidence-based, bidding above advertised rents will be prohibited, and landlords will be required to register with a regulatory body and list each rental property on a centralised database – details of which are yet to be finalised.
The Section 21 notice for regaining vacant possession will be replaced with an amended Section 8 process. While the specifics of this reform are still being ironed out, the new framework will shift from a discretionary to a more fact-driven system.
To support landlords through this transition, our experienced team will provide expert guidance. We strongly recommend implementing a fully managed service (currently tax-deductible) which includes regular property inspections, adherence to regulatory requirements, and thorough record-keeping. These measures will be essential in avoiding substantial penalties and ensuring smooth compliance with the new regulations.
For more information on the Bill https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a. For advice on how we can help you as a landlord to best navigate the new system contact: Kate Morton or Claudia Hunt on 01730 771222