Concerns Arise Over Renters' Rights Bill

A recent poll by Propertymark reveals that 50% of property agents are concerned about the forthcoming Renters’ Rights Bill, which is currently in the Report Stage in the House of Commons. Agents are particularly worried about the administrative burdens the Bill may impose and its potential broader impact on the private rental sector. Key provisions of the Bill include the abolition of Section 21 ‘no-fault’ evictions, allowing tenants to keep pets with insurance provisions, and the establishment of a Decent Homes Standard. Additionally, there are concerns regarding upcoming Stamp Duty changes and Energy Performance Certificate reforms. Landlord organization iHowz has also raised alarms about certain amendments to the Bill, particularly those affecting guarantor requirements and advance rent payments, which they argue could have unintended consequences. Propertymark's leadership emphasizes the need for the government to address these concerns to ensure a balanced rental market.