The Renters' Rights Bill: Essential Insights for Thanet Landlords

The Renters' Rights Bill is a big news story in the property rental world right now, and there are lots of myths and inaccurate information circulating. Here, we’ll provide clear answers to three of the most common questions Thanet landlords are asking us.

Will I Be Able to Evict Tenants if Needed?

Yes and no. All tenancies will be periodic, meaning no fixed-term shorthold tenancies. Tenants can stay as long as they wish, but if they break tenancy terms, like causing property damage or accruing significant rent arrears, eviction will be possible and should be faster. No-fault evictions (Section 21) will end, meaning landlords can’t regain possession without a valid reason.

Can I Increase the Rent? Will There Be Rent Controls?

Yes, you can raise the rent annually, up to market levels. Tenants can challenge excessive increases, and significant hikes between tenancies will still be possible. While some landlords might choose to maximize yearly increases, a knowledgeable letting agent can guide you on best practices.

Is Being a Landlord Still Worthwhile?

There will be more administrative work, but potentially higher rents could balance this, especially if more landlords exit the market. Remaining landlords may benefit from a low-supply, high-demand environment. Ultimately, staying organised and working with an experienced letting agent can ease the transition.

Remember, the Renters’ Rights Bill is just a proposal, and details could evolve before it becomes law. Stay tuned for updates as the story unfolds.

Do you know other Thanet landlords who could benefit from this information? Please share this article to keep them informed.

About Cooke & Co

Cooke & Co has provided trusted estate agency services in Thanet since 1992, covering Margate, Broadstairs, Ramsgate, and surrounding areas.

Contact us:

• Margate Office: (01843) 231833
• Ramsgate Office: (01843) 851322
• Broadstairs Office: (01843) 600911

Visit our website at www.cookeandco.com or email us at enquiry@cookeandco.com.