On 17th May, the long-awaited Renters Reform Bill finally got its first reading in Parliament, following reports that it had been delayed due to ‘procedural issues’.
However, it’s believed the real reason for the delay may have been that some MPs – along with many in the property industry - thought the proposed reforms were too harsh on landlords. If this proves to be true and the reforms lead to more landlords selling up and exiting the market, it could cause more issues for tenants, given that there’s already a significant shortage of stock in much of the country.
While it seems that the draft legislation is following the proposals outlined in last summer’s White Paper, the details may change as the Bill makes its way through parliament. You can read more on the proposals in our earlier blog.
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If you are concerned about the outcomes of the Renters Reform Bill, speak to one of our qualified and experience local lettings agents.
The Reeds Rains Content Marketing Team
