Renters Reform Bill

The Queen's speech has shed some light on the much anticipated white paper from the Department for Levelling Up, Housing & Communities. Confirming previously discussed goals for the government, as well as rescinding others.

Listed below are the big 3 areas that will affect the lettings market, with a small note of the ‘lifetime deposit’ scheme has been removed from the list for the time being. You can read through the Crowns Queens Speech 2022 lobby pack by clicking here.

Landlord Registry

The original discussion would have had all landlords displayed on a public register but this has been delayed in favor of a property portal that will provide clear landlord obligations along with information to enable tenants to enforce their rights against landlords. 

Eviction Process

This change comes in multiple parts with the first being the confirmed abolishment of the Section 21 ‘no fault’ eviction from the 1988 Housing Act. This is to be replaced with a yet unannounced process that is meant to enable landlords to regain their property efficiently when dealing with rent arrears and antisocial behavior. 

Landlords will feel more secure in the Section 21 absence once the white paper details have been released, but the real goal of the government is to keep evictions out of the already overloaded courts. 

There were rumors of a new eviction court system but this appears to be replaced with a new Ombudsman. This will go both ways, giving landlords a form of communication that could keep them out of court and the costs associated, but it also gives the residents a process of official complaint.

Home Standards

The Energy Performance Rules (EPC) band C requirement has been set for 2026 but now the government is applying for the first time the Decent Homes Standard to the private rented sector. This is a legally binding standard that all landlords will be required to follow.

 

Written by Toby Dawson

Valuations

We would be happy to value your property without obligation or charge. Our knowledgeable & experienced team will provide you with an honest & accurate market appraisal of your property based on market trends. We can also offer advice on current legislation and how best to present your property to prospective tenants & purchasers.

Specialist Marketing

Good marketing begins with appealing images, an accurate floorplan and an appropriate description with supporting information. In order to ensure full exposure, as well as on our own web site, we advertise on the major property portals, social media and other selected mediums. Once we have these solid foundations, our talented and experienced sales team takes over!.

Property Management

We offer a very polished and thorough management service. We are able to deal with all aspects of the day to day running of your tenancy on your behalf and are able to advise on contractual and legislative matters in what has become an increasingly complex contractual and legislative environment.

Project Management, Design & Build

We offer a complete service and are able to deal with all aspects of your refurbishment and/or build including; architectural services, planning applications, building control, general contractors, specialised contractors, finishes and management.

Fees

TENANT FEES - NEW ASSURED SHORTHOLD TENANCIES (AST's) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit - One week's rent, apportioned to first month's rent

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys -  Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required. 

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher). 

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the  surrender of the tenancy and the re-letting the property