Hello Readers,
As the summer holidays are in full swing, you could be forgiven for thinking it’s something of ‘slow news season’ and whilst many will be away on holiday, I have been taking the time to start putting together crucial information and factsheets for our landlords around upcoming rental market changes.
In around a month’s time, activity in Parliament will commence and I don’t doubt that one of the headlines we’ll see soon will be the passing of the Renters’ Rights Bill. In my previous article on the topic I asked the question about an implementation period (as that is not something which has been made public). One prominent lawyer has recently given their thoughts on the matter, so I thought I’d put together a short article to fill you in!
David Smith, who is a prominent property lawyer and partner at SCW Legal has commented that he expects the bill will be given Royal Ascent probably before conference season in September.
David also commented on how he anticipates the changes to Section 21 along with abolishing fixed term tenancies and strengthening section eight will then be implemented from April (possibly the 6th), meaning the private rental sector will have around six months to adjust.
In addition to this, landlords can expect more rights given to tenants around pets, strengthening of discriminatory legislation and new rent increase processes to come into force at the same time – in April 2026.
There’s a lot to still be finalised, however I am actively working on a suite of guides and factsheets that will hopefully provide some helpful guidance to landlords needing to adjust. We are also watching closely as a team here at Home Share in order that the properties we manage can be compliant.
It’s entirely possible that any delay in implementation will, however, prove to be bad PR for the Government and a six-month period could lead to challenges for renters as landlords take action before the changes have an effect.
For example, I wonder if we will we see a surge in Section 21 notices being served, or perhaps a surge in rent increases and maybe even a spike in landlords choosing to sell up – could we see an influx of ex-rental stock?
Well, whilst I am not in favour of the changes, good landlords have nothing to worry about. Yes, it’s a change to how we work and the landscape we operate but property is still an excellent way to build up wealth. So long as you have a long-term perspective then there’s little to be concerned about.
Landlords who choose to stay in the market will see themselves benefitting from increased rental rates, increased demand (with reduced supply) and more opportunities to pick up deals as rental properties come up for sale.
I’d be interested to hear what you think about this! The best way to reach me is by emailing hasan@home-share.co.uk.
Hasan