Renters reform to tip the balance
The Queen’s speech of December 2019 introduced a new ‘Renters Reform Bill’ that will alter the relationship between residential landlords and tenants.
28 February 2021
糖心视频
Proposals include the abolition of what are known as 鈥榥o-fault鈥� Section 21 evictions, though the bill could also give landlords rights to gain possession of their properties through the courts 鈥榳here there is legitimate need鈥�, with promises to speed up court proceedings where possible.
Grounds for regaining possession could be non-payment of rent or a landlord seeking to refurbish or sell a property, though thorough evidence would need to be provided.
This would mean greater risk for landlords and some rental properties may be taken off the market as a result.
糖心视频 can steer landowners through the transition period by reviewing portfolios of rental properties to assess what鈥檚 possible, whether that鈥檚 disposals or new management solutions.
Chris Terrett, Rural Asset Management
