The Queen's Speech 2021 - Renters Reform Bill

News at Howard Independent Estate Agents | 11/05/2021

The abolishment of Section 21 ‘no fault’ evictions, and lifetime deposits for tenants - The Renters Reform Bill could bring many challenges to the PRS in 12 -18 months’ time, as agents and landlords adjust yet again to more changes.

Lifetime deposits would allow deposits to be passported between tenancies, while the abolishment of Section 21 is likely to result in the use of Section 8 Grounds to gain possession.

More information can be found in this article, published by Landlordzone*, which explores the proposals outlined in the Queen's Speech. We would expect to know more in the Autumn as to how and when these changes will be implemented by the UK government.

Other items on the White Paper include:

End to ground rents
Confirmation of leasehold reform, which will put an end to excessive ground rent increases by freeholders for new leasehold properties.

New Building Safety Regulator
The UK Government intend to establish a new regulator for building safety along with substantial reforms to the building safety regime.

Planning reform and homeownership
Aims to simplify and speed up the planning process while making it harder for homeowners to block new housing schemes.

Full details of the Queen's speech can be found in the background briefing notes.

There is no official information available on how and when these reforms will be introduced, it is very much a case of 'watching this space'. But whatever happens the team at Howard will be fully prepared and ready for the changes!

*Landlordzone article may include public comments which are not necessarily the views of Howard Independent Estate Agents

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