The King's Speech and a look at the new Renters' Rights Bill 👑🔍
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Why is it called the King's Speech, King Charles doesn't write it does he? 👑
🔹 The speech is written by the government, and the monarch delivers it in a neutral tone to avoid any appearance of political support - its aim is to set out the new government's priorities for the months ahead
🔹 It outlined 39 bills that minsters want to pass in the next parliamentary session (usually runs for 12 months)
How does it affect housing?
🔸 A Renters' Rights Bill (RRB*) will ban so-called no fault evictions and extend a series of building safety rules for social tenants, known as Awaab's Law, to private renters
🔸 A draft Leasehold and Commonhold Reform Bill will curb ground rent for existing leaseholders, and ban forfeiture - where leaseholders are threatened with losing their home - over small unpaid debts
🔸 A Planning and Infrastructure Bill will streamline the process for approving critical infrastructure, and overhaul rules on the compulsory purchase of land
📩 *You can see the RRB proposal word by word... Take a 5 minute read of this 3-page PDF document as set out by the government 📩
*What does 'Bill' in parliament actually mean... Is it law or not?
🔹 No, Bills are not laws... Laws are Acts
🔹 Acts start off as Bills, they pass through parliament as being introduced, debated, amended, voted (Houses of Commons and House of Lords) and when agreed, sent for Royal Assent
🔹 Once a bill successfully passes through all these stages, it is sent to the King for what's called, 'Royal Assent'
🔹 It's only with the Monarch's agreement that bills can become Acts i.e. become enforceable by law
🔹 The legislation may commence immediately, after a set period or only after a commencement order by a Government minister
Looking at The Renters' Rights Bill in more detail... 🔍
🔸 So, this was called the Renters' Reform Bill and Labour have indeed stuck to their election*change* theme by renaming it, The Renters' Rights Bill
🔸 Despite the change in name, the background briefing suggests that much of the new legislation will mirror the previous government’s Renter’s Reform Bill (which was not passed before Parliament was dissolved prior to the general election)
🔸 Key features are as follows:
🟥 Abolishing Section 21 ‘no fault evictions’
🟥 Strengthening tenants’ rights and protections
🟥 Giving tenants the right to request a pet
🟥 Applying a Decent Homes Standard to the private rented sector to ensure homes are safe, secure and hazard free
🟥 Applying ‘Awaab’s Law’ to the sector
🟥 Creating a digital private rented sector database to bring together key information for landlords, tenants, and councils
🟥 Supporting quicker, cheaper resolution when there are disputes
🟥 Making it illegal for landlords to discriminate against tenants in receipt of benefits or with children
🟥 Strengthening local councils’ enforcement powers
🔸 The briefing paper can be viewed here
Upon receipt of a draft bill, we will be in touch with comment/analysis.
⌚Timing wise, we're expecting changes to be in place by 1st October 2024 but this is merely our guess - we will of course keep you posted ⌚
Whatever legislation is introduced, our fully managed Landlords are in the safest hands - we will ensure everything is taken care of so that you don't have to! ✅
If you are a self-managed Landlord that would like assistance on any aspect of Residential Lettings, please email Scott (scott.sneath@cavendishproperty.co.uk) 📧
📸 Scott Sneath, Director of Finance and Operations at Cavendish Residential 📸
☎📧🗨
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