The Renters Reform Bill was introduced in May 2023, it is set to transform the rental market, offering more stability and security for both tenants and landlords.
This Bill arose due to the infamous Section 21 ‘no-fault’ evictions allowing landlords to terminate tenancies without providing any reason.
Nearly a quarter of private rented homes do not meet basic decency standards. The new introduced Bill will include:
- Removing Section 21 evictions: The Bill aims to end ‘no-fault’ evictions, offering tenants greater stability.
- Lifetime deposits: Tenants will be able to transfer their deposits between properties, reducing their financial burden when moving.
- Improving security of tenure: Tenancies will become more secure.
- Renters’ rights: Strengthening tenants protections/rights.
- Rent increases: Tenants will have protection against unfair rent increases.
- Private rented ombudsman: Introducing an ombudsman which will provide fair, impartial, and binding resolution to many issues.
- Portal: Creating a privately rented property portal to help landlords understand their legal duties when entering into a tenancy agreement.
- Discrimination: Make it illegal for landlords to not accept tenants in receipt of benefits or with children.
- Pets at home: Give tenants the right to request a pet in their property, which the landlord must consider and not unreasonably refuse.
Impact on Landlords
These new changes for tenants will introduce new responsibilities for landlords. Landlords will need to play their part by adapting to these reforms, to create a fairer and more transparent rental market.
Impact on Tenants
Tenants will benefit substantially from these new changes. They will enjoy more security, reduced financial stress and much more control over their home. The main aim of this Bill is to give tenants the rights to enjoy a better renting experience and to create a more balanced rental market.