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Calling All Landlords!

The Renters’ Rights Bill is making its way through Parliament; if it becomes law, it will significantly change the lettings landscape. Here we summarise some of the changes. 

No fixed terms

Tenancies will no longer have a fixed term, and will be ‘periodic’ from the start, meaning tenants who comply with their obligations can stay in a property for as long or short a period as they want. 

Landlords wanting to move into or sell their property will be able to recover possession, but tenants will have a protective period of 12 months, and landlords must give 4 months’ notice (an increase on the current 2) to give a tenant time to find suitable alternative accommodation. 

What is not changing?

If a tenant stays in a property once a notice has expired, a landlord must still obtain and legally enforce a possession order from the court for an eviction to be lawful. 

When will things change?

We don’t know when the Renters’ Rights Bill will become law, but once it applies, existing tenancies, even those for fixed terms, will become periodic overnight, and there will be no transition period. 

Private Rented Sector Database

The Renters’ Rights Bill introduces a Private Rented Sector Database, on which landlords will have to register both themselves and their properties. Landlords will be required to update the register every time a property is let out/marketed. 

Failing to register will prevent a landlord from serving their tenants notice and can result in fines. The Database may come into force later than the above changes. 

What can landlords do?

Landlords can use the current section 21/8 procedures so long as they have started the process (by serving a valid notice or issuing proceedings) before the new law takes effect. 

How can Fishers Solicitors Help?

We understand the expected changes may worry landlords, and could prompt some to exit the lettings market. 

Our expert Dispute Resolution solicitors can advise on options and help start the process of recovering possession before changes take effect. Our experienced Conveyancing solicitors can help with selling your property, making Fishers a one-stop shop for landlords thinking of leaving the rental sector. Contact us today.

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