The Renters’ Rights Bill could trigger an exodus among landlords, reducing the supply of affordable housing, industry leaders have warned.
The Renters’ Rights Bill must be workable for all landlords and tenants, experts have warned, as it reaches committee stage in the House of Lords today.
Growing numbers of landlords are moving into commercial property amid fears that the residential market is too challenging.
The Renters’ Rights Bill won’t impact private landlords’ profits or slow rising rents, according to tenant referencing company FCC Paragon.
The rental sector risks being saddled with unworkable reforms unless the Government backs amendments proposed by peers, the NRLA has warned.
Properties for sale in England and Wales spend just over a month on the market on average, new data reveals.
Younger renters are less likely to support greater regulation of the sector that would enhance their rights despite widespread anxiety around their housing situation.
Tenant groups voice concerns that a group of peers with ties to the property sector are trying to delay the Renters’ Rights Bill and get concessions from the Government.
A new amendment to the Renters’ Rights Bill would allow landlords to reclaim their properties if they have served notice before the Bill’s enactment but have to pursue a court order after it is implemented.
