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The Renters (Reform) Bill: The Final Nail in the Coffin for Private Landlords?

The property investment landscape has been facing increasing challenges in recent years, and the proposed Renters (Reform) Bill — currently progressing through Parliament — could represent a significant turning point for private landlords.

Residential leaseholders

This article looks at the reforms announced so far around enfranchisement, the restrictions imposed on the sale of houses of a leasehold basis and the fees charged to leaseholders for essential information needed on sale are to be limited.

Significant Changes for Landlords and Tenants being Introduced by Renters (Reform) Bill

A new Bill which will fundamentally change the way renting residential property in the UK works is currently going through its second reading in the House of Commons.

If enacted, Assured Shorthold Tenancies will be scrapped and all new tenancies will be Assured Periodic Tenancies. The Section 21 ”No fault” process for recovering possession will no longer exist and so landlords will only be able to recover possession by using the existing Section 8 procedure and proving their ground for recovery of possession.  It is proposed that new grounds for recovery of possession will be added including where the landlord wishes to sell the property.