The Renters' Rights Bill, recently announced by the Labour Government, introduces sweeping changes to the private rental sector in England. Although it has yet to pass through parliament, the Bill proposes regulations that could reshape the landscape for landlords across Thanet. It’s important to note that many of these reforms were previously considered under the Conservative government earlier this year, but time constraints prevented their implementation.

Let’s explore the key points Thanet landlords should be aware of and their potential impact on the sector.

Abolition of Section 21 ‘No-Fault’ Evictions

One of the Bill's most significant changes is the abolition of Section 21 evictions, which have allowed landlords to end tenancies without providing a reason. This will be replaced by a system permitting evictions only under specific conditions, such as rent arrears or the need to sell the property. Thanet landlords should prepare for stricter legal requirements around tenant evictions, but there will still be avenues to regain possession under certain conditions.

Rent Increases and Bidding Wars

The Bill aims to standardise rent increases, limiting them to once per year. Tenants can challenge excessive hikes at a tribunal, preventing rent rises as a means of indirect eviction. Furthermore, the Bill prohibits bidding wars, ensuring that landlords and letting agents publish clear rental prices. This brings a new level of transparency to the Thanet rental market.

Decent Homes Standard and Awaab’s Law

Another important component is the extension of the Decent Homes Standard to the private rental sector. Thanet landlords must ensure properties meet minimum safety and quality standards or face penalties. Additionally, Awaab’s Law mandates timely responses to severe health hazards like damp and mould, requiring action within a specific timeframe.

Renting with Pets

Under the Renters' Rights Bill, tenants will have the right to keep pets, provided there are no reasonable grounds for refusal. Landlords can now request pet insurance to mitigate potential property damage. This change can benefit both parties, providing peace of mind for landlords and flexibility for tenants.

Strengthened Local Authority Powers

The Bill grants local councils enhanced enforcement capabilities, including fines up to £7,000 for first offences, rising to £40,000 for repeat offenders. While these penalties might seem significant, they primarily target rogue landlords, with compliant landlords unlikely to be affected.

Still Have Questions?

As your trusted estate agent in Thanet, Cooke & Co is here to help you navigate these changes. If you have concerns about how the Renters' Rights Bill may affect you as a Thanet landlord, reach out to us at (01843) 231833. We’re committed to ensuring your properties remain compliant while offering the highest level of service to your tenants.

If you would like to read the full proposed Bill, you can find it here: Read the Renters' Rights Bill.

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About Cooke & Co

Cooke & Co has been providing 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.