Tenant Fee Ban 2019: are you ready?
23rd November 2016… a date to remember for letting agents across England and Wales; the date the Tenant Fee Ban was first announced as part of the Autumn statement. Over 24 months later, the Tenant Fee Bill 2019 has finally come into place. However, (and scarily), many lettings agents and landlords don’t understand the potential impact the act will have. Donna Cheney, Head of Lettings, discusses the impact on the industry as well as tenants.
New legislation to abolish Section 21 evictions?
Yesterday, the UK Government announced plans to consult on new legislation to abolish Section 21 evictions – so called ‘no-fault’ evictions in England. This will effectively create open-ended tenancies, and lead to what the Government believe will be more effective means of getting their property back when they genuinely need to do so.
Right to Rent scheme breaches human rights law
Rules aimed at preventing illegal immigrants from renting properties are “discriminatory” and breach human rights laws, the High Court has ruled. The “right to rent” scheme, which requires landlords to check the immigration status of tenants, was introduced in England in 2016. Judges said it would be illegal to roll it out in Scotland, Wales and Northern Ireland without further evaluation (for the full story please click here).
Letting industry breakthrough
Late last week, it was announced that all letting agents in the UK must, by law, be part of a Government approved Client Money Protection scheme (CMP). The new legislation, which will come into force next year, is a huge coup for the industry, and something we very much welcome.
The best time to let your property? Now!
It goes without saying that we’ve had a long, cold winter and some might say we are pretty much skipping Spring all together and heading into a long hot summer (or so we hope!).
Given the extended period of cold, grey days, more tenants have delayed looking for their next home. As the weather is improving, with lighter and brighter evenings, people will start to get moving, and now really is the time to put your property on the rental market.