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Legislative chat in the rental sector

What is happening or may be likely to happen as we enter a new decade?  There have been many legislative changes in the rental sector over the last few years, and this shows no signs of slowing down as we enter the 2020s.

This underlines the importance of landlords and tenants dealing with qualified and knowledgeable letting agents, who protect the interests of all parties, and are compliant with the large legislative burden that residential lettings now brings.

Current reforms being discussed include:

  1. Section 21 reform to try and make it easier for landlords to serve notice on rogue tenants, but also to protect tenants from so called “revenge” evictions. Any change will mean large scale reforms to the Housing Act.
  2. EPC law – As of 1stApril 2020, landlords will need to ensure the properties of all private tenancy lets have an Energy Performance Certificate rating of E or higher, regardless of the status of the tenancy.
  3. Grenfell Tower and fire regulations – many apartment blocks that house residential tenants are coming under scrutiny to prevent another disaster.
  4. Mandatory three-year tenancies – The initial proposal was not well-received, due to the inflexibility for landlords if their circumstances change, but we will see if this raises its head again alongside Section 21 reform.
  5. Rogue landlord database – Will tenants and prospective tenants finally be able to access this database to help avoid falling victim to rogue landlords?
  6. Landlord taxes – Already an issue driving many from the market, will our current Conservative government lessen the burden or increase it?
  7. Lifetime Rental Deposits –there are advantages to this proposal for tenants, but huge concerns in terms of how it would affect legitimate deductions if a tenant causes damage to a property.

As an ARLA Propertymark registered agent, with fully qualified team members, GFW Letting are in a prime position to be kept aware of any new legislation as it happens, and to ensure that landlords and tenants are fully compliant and protected.

For more information contact your nearest office:

Newcastle – 0191 284 7171
Alnwick – 01665 511989

 

 

 

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