RENTERS (REFORM) BILL: WILL IT BECOME LAW IN 2024?
RENTERS (REFORM) BILL: WILL IT BECOME LAW IN 2024?
Is the much-discussed legislation in the lettings industry set to be enacted before the upcoming general election?
The Renters (Reform) Bill has been a focal point of discussion within the lettings industry for an extended period. Despite widespread anticipation, its journey to becoming law has been marked by delays. As we stand on the precipice of a potential breakthrough, the looming question remains: will it finally pass into law before the upcoming general election?
Status
At present, the Renters (Reform) Bill is traversing through the intricate corridors of Parliament. Announced and currently under debate in the House of Commons, it stands on the cusp of potential transformation. However, before it can ascend to the realm of legislation, it must undergo thorough scrutiny in the House of Lords.
Recent amendments to the bill, including the incorporation of the Decent Homes Standard into the private sector, have injected a sense of clarity into its key provisions. Despite lingering concerns among landlords, concessions have been made to address pertinent issues such as dealing with anti-social tenants and instances of rental payment defaults.
UNRAVELING THE STAGED IMPLEMENTATION
A notable shift in discourse has emerged, with uncertainty surrounding the timing of the General Election casting a shadow over the bill's trajectory. Even in the event that the bill secures Royal Assent before the election, the implementation of its reforms is likely to be staggered.
The transition to rolling tenancies, for instance, will unfold in two distinct stages, impacting both new and existing tenancy agreements. Similarly, other components of the bill, such as mandatory landlord registration and participation in an ombudsman scheme, will come into effect at a later date as determined by the Secretary of State for Housing.
Of particular complexity is the fate of Section 21 evictions, colloquially known as "no fault" evictions, which are slated for
POTENTIAL IMPACT IF LABOUR COMES TO POWER?
In the event of a change in government, Labour has articulated its own vision for reforming the private rented sector. Central to their agenda is the creation of a renters' charter, which encompasses the abolition of Section 21 and the implementation of a bespoke iteration of the Decent Homes Standard.
Angela Rayner MP, Labour's Deputy Leader and Shadow Housing Secretary, has publicly committed to the immediate abolition of Section 21 upon assuming office. However, beyond these overarching objectives, the specifics of Labour's proposed reforms remain shrouded in ambiguity.
