Posted on Monday, September 23, 2024

 

 

 

Politician speaking publicly from the lectern Politician speaking publicly from the lectern during political rally, Nikon Z7 government stock pictures, royalty-free photos & images

On 11th September 2024, the renter's rights' bill was introduced to parliament, meaning that Section 21 evictions will be banned. The Bill will significantly impact the structure for private rent properties and many other significant measures, which will negatively affect both landlords and tenants. The student rental market will be disrupted as they rely on fixed-term agreements to line with the academic year alongside with guarantors, as these agreements allow them to be confident about the length of time they are signing up to support tenants with low income or poor credit history. The UK Government have put forward that, by removing the fixed term assured tenancies, it will give renters more flexibility to move when needed during a circumstance such as personal matters, due to a new job, or if they have brought a new home. The bill could be legalised as early as next Spring and the reforms to be implemented by late summer of 2025, however there are many hurdles before it can clear.



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