Renters' Rights Bill... Are we nearly there yet? 🤷
#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
🔸 The National Residential Landlords Association says it’s looking increasingly unlikely the Renters Rights Bill will receive Royal Assent before the summer recess
🔸 The Report Stage in the House of Lords begins next week with three separate sittings from July 1 to July 15
🔸 It would then have only seven days to go back to the Commons for ratification before MPs begin their summer recess
🔸 Waiting for the resumption of business in the Commons in early September would mean Labour could boast of it becoming law at its annual conference later that month
🔸 The NRLA says: “Should Royal Assent be delayed until after the recess it will happen in September at the earliest
🔸 The government has remained tight-lipped as to when the commencement date (the point at which the new rules would come into force) will be, however this is generally no earlier than two months after Royal Assent
On this basis commencement would be November at the earliest (conceivably by the New Year)🚦
📢 If you haven't heard about the Renters' Rights Bill... Brace yourself for big changes to the Private Rented Sector 📢
Good news, we're already on top of it all and will guide our customers seamlessly through it all 👍
🔸 Firstly, here's our previous article with an outline of the proposals under the RRB: click here to read 📖 .
🔸 This is a Bill that makes provisions to change the law about rented homes, with items to include (but not limited to):
🔸 The abolishing of fixed term Tenancies,
🔸 Scrapping of Section 21 no fault evictions
🔸 Increasing notice periods for Landlords and Tenants in general
🔸 Banning bidding wars
🔸 Regulating rent increases
🔸 Bringing in a 'Decent Homes Standard' across the Private Rented Sector
🔸 Making rental properties more pet friendly
🔸 Providing more opportunity for Tenants that receive benefits to apply for properties
Here's how the Bill is progressing through the House of Commons and Lords currently, we expect Final Stages and therefore Royal Assent by November/early next year:
For more detail on the proposals, follow this link by Helen Davis at Letting a Property.
From our perspective, we are completely on top of the changes so far - and already have several ideas/strategies in mind on how to navigate to ensure our customers are 100% looked after: ensuring the new legislation is adhered to.
We will keep you up to date with further information as the Bill progresses.
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#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
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