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.
David Cox, Chief Executive of ARLA Propertymark, said: “Today’s news could be devastating for the private rented sector and landlords operating within it.
The effects of the tenant fees ban have not yet been felt, and now the Government is introducing more new legislation which could deter landlords from operating in the market. Although in the majority of cases there is no need for Section 21 to be used, there are times when a landlord has no choice but to take action and evict tenants from a property.
“Landlords need the safety of no-fault evictions and removing Section 21 takes this away. Until we have greater clarity on the changes planned for Section 8, today’s news will only increase pressure on the sector and discourage new landlords from investing in buy-to-let properties. This comes at a time when supply is dramatically outpacing demand and rent costs are rising.”
Donna Cheney, Head of Lettings at GFW Letting, said: “GFW Letting are in agreement with the Chief Executive of ARLA Propertymark that there is a lot of change in the lettings industry currently, and this may adversely affect landlords in the market- to discuss your options, please call our team…”