Property Week quotes Samuel Lear on the Renters Reform Bill featured in the King’s Speech
A couple of weeks following the Government's announcement that the abolition of “no fault evictions” would be delayed indefinitely pending reforms to the court system, the Renters (Reform) Bill nevertheless featured in today's King's Speech.
This is a Bill which has already had its first and second readings in the House of Commons.
Samuel Lear, Associate, comments for Property Week:
Reforms to the private rented sector are a long time coming. The anticipated changes under the Renters Reform Bill are wide-ranging and will require significant adjustments to existing processes. The test of the success of the bill will be whether it sufficiently strikes a fair balance between landlords and tenants. With landlords already subject to significant statutory obligations, an unintended consequence of not striking that fair balance is that landlords could decide to leave the market altogether, causing further supply issues and potentially adversely affecting tenants.
Read the full piece in Property Week here.
Related coverage:
Residential Landlord, The Negotiator
Read Samuel's recent Passle post here - The King's Speech - Renters Reform, Samuel Lear (charlesrussellspeechlys.com)
