
MARKET UPDATE
May 29, 2024
Not enough savings to pay rent?
August 8, 2024Rental reform is back. The Government confirmed it will:
End Section 21, the so-called ‘no fault eviction’ – and provide ‘new clear and expanded possession grounds’ so ‘landlords can reclaim their properties when they need to’
Apply a Decent Homes Standard to the private rented sector
Extend Awaab’s Law to private renting – setting clear timeframes within which landlords must make homes safe where they contain serious hazards
Create a digital private rented sector database with information for landlords, tenants, and councils
Set up a new ombudsman service that will provide fair, impartial and binding resolution to both landlords and tenants, reducing the need to go to court
Strengthen tenants’ rights, including: ability to challenge rent increases, ending rental ‘bidding wars’, and the right to request a pet – as well as making discrimination against tenants in receipt of benefits or with children illegal when choosing to let.