The new Renters’ Rights Bill includes sweeping reforms that will result in a dramatic shift in the private rental landscape for both landlords and agents.
What are the Benefits?
Rent Guarantee Cover
This legislation brings an end to Section 21 “no-fault” evictions resulting in reduced powers to regain possession of properties.
With increased restrictions on tenant evictions, landlords may face months or even years struggling to remove problematic tenants.
Landlord Insurance
Consistent Cashflow
The end of fixed-term tenancies means landlords may face even greater uncertainty with their rental income.
Without the security of a fixed-term agreement, tenants can leave with minimal notice leading to potentially prolonged void periods and an unpredictable income stream.
Fully Compliant
The Bill amplifies the pressure on landlords to maintain meticulous documentation and records, as increased scrutiny and tighter compliance regulations demand transparency at every stage of the tenancy.
The need for precision in record-keeping has never been higher.
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