Renters Reform Bill moves to House of Lords
After months of waiting the Renters Reform Bill finally passed its third reading in the House of Commons yesterday, Coverage for the Bill has been widespread in the national press and trade press, some of which has been inaccurately reported.
Abolishing Section 21
This WILL happen. It is a manifesto commitment and the Housing Minister stressed that six months’ notice (a transitionary period) before ending section 21 tenancies to give the sector some time to implement these changes. There is a continued commitment to improving the county court system to adjust to the new possession processes.
Renters Reform Bill moves to next Stage
Renters Reform Bill finally moved to the next stage. After months of waiting, the Bill moves to Report Stage and MPs will have the opportunity to make further amendments.
Renters Reform Bill to return to the Commons after Easter Recess
On the 27th March 2024, Jacob Young MP wrote to Conservative MPs regarding the Renters Reform Bill. He stated that the Conservatives are committed to “creating a fairer private rental sector” – standing on the promise that: - “if you’re a tenant, you will be protected from revenge evictions and rogue landlords, and if you are one of the many good landlords, we will strengthen your rights of possession”.
During her time as Housing Minister, Rachel Maclean MP made amendments to the Bill to bolster landlord protections which included making it clear that legislation would not be implemented until sufficient progress has been made improving courts, and scrapping proposals that would have both forced landlords to make expensive energy efficiency upgrades to their homes.
The Commons Committee reviewed concerns that have been put forward and as such, Government will bring forward further improvements at Commons Report Stage.
The Demand for Regulation of the Property
I’ve been watching this ‘space’ for the last 18 years and when I started working in the property sector I did not understand why estate agents who assist consumers with the biggest purchase of their lives were not required to have even a minimum entry level qualification. But this also applies to letting agents who manage billions of pounds worth of stock.
We have a list of the primary, secondary legislation that agents need to be aware of and adhere to on behalf of their clients and it currently sits at 297. Clearly no one expects an agent to know each piece of Statute of by heart, but the fundamental principles of key legislation is paramount.
But the property sector does not just revolve around the law and compliance - think about key skills, customer service, customer care, complaints handling, building rapport and relationships, the benefits of NLP in business and so it goes on.