The Queen’s Speech delivered by Prince Charles yesterday confirmed that the Government will be pushing ahead with the Renters Reform Bill. Lettings Partner Lucy Nolan has reviewed the announcement.
The Queen’s Speech delivered by Prince Charles yesterday confirmed that the Government will be pushing ahead with the Renters Reform Bill, as predicted by Head of Lettings, Rachael James in the current edition of our Country Matters magazine.
Lettings Partner Lucy Nolan has analysed the announcement , finding the lack of detail within the statement still leaving many questions unanswered, however the intent to proceed with the Bill is evident.
The main objective is to give tenants greater rights when they are required to vacate a property, even when they have complied with the terms of their tenancy agreement. Here is a brief summary of the proposals outlined:-
A White Paper is due for publication shortly which should provide further detail on the proposals to reform the private rental sector, and put an end to a prolonged period of uncertainty for landlords, tenants and agents alike.
Symonds & Sampson welcome the changes, believing that they will encourage greater levels of transparency and accountability between all parties. Lucy comments ‘In our experience, most landlords do not wish to give tenants notice unless they are in rent arrears or not taking care of the property. When landlords wish to let a property for a longer term, we strive to find tenants who are also looking for a long term home, something we have successfully achieved numerous times over the years’.
Symonds & Sampson will continue to monitor the situation and provide further updates to landlords when more information is published. Meanwhile, to discuss any aspects of letting property contact Lucy on 01305 571277 or a member of our letting team in your local office.