Property Week quotes Samuel Lear on the Renter’s Reform Bill
Housing secretary Michael Gove has vowed to introduce the Renters Reform Bill (RRB) and ban Section 21 ‘no-fault’ evictions before the next general election.
Speaking about the fate of Section 21 and the RRB by the time of the general election, Gove said:
“We will have outlawed it and we will have put the money into the courts in order to ensure that they can enforce that.”
Samuel Lear, Associate, comments for Property Week:
“Reforms to the private rented sector are a long time coming. Clearly, the abolition of no-fault evictions would appear to be a matter of when and not if.
“No-fault evictions are seen as controversial as they mean there is little security given to AST [assured shorthold tenancies] tenants from a legal standpoint when it comes to the end of the tenancy agreement. The anticipated changes under the RRB are wide-ranging and will require significant readjustments to existing processes. But the test of the success of the bill, once implemented, 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.
