What Does the Renters' Rights Bill Mean for Landlords?

News & Updates
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“Tenants will gain the right to end their tenancy at any time by providing two months’ notice, using any written method.”

Will tenants be required to reimburse the landlord for the marketing & letting fees if they don’t satisfy the minimum term?

A rhetorical question, as obviously the government don’t care a jot about the impact on landlords.

I pay my agent £396 for a new letting, even over 12 months that’s £33/m, but over 2 months it’s £198/m on relatively low-rate rents in the North of England, £350pcm being my lowest at present, which equates to over 56% of that income.

The PRs is the only business I know of that is not allowed to charge fees to a customer who is an equal (??) partner / /beneficiary in the business transaction.

I’ve qualified the ‘equal’ reference with a question mark as the tenant has far more rights and control / options without any of the risks or financial and legislative burdens.

So now they can walk away at any time, without reason, leaving whatever debt and destruction they choose with no responsibility. Mm very balanced, I’m sure!!

I propose we have a version of the S8 for tenants wishing to leave within an initial fixed term.

We talk about discrimination in all walks of life, but I’ve yet to find a more discriminatory example than that of the governments’ legislative impositions on the PRS.

1 Like
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It’s obvious to anyone who ever owned a letting property that everything on that list is a variable expense, particularly when you add in the ever-changing government legislation.

That will never happen since the government seem to consider the tenant should not be responsible for anything including their own actions!

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Hello, It’s been a risk for both parties for a considerable amount of time. 2011 in fact, when social housing was effectively scrapped in the austerity measures, forcing most tenants into the private rented sector. The risk Landlords faced was, having a load of unsuitable tenants dumped on them, with profit losses from defaulting arrears and letting revolving doors. As in any business we always pass on our costs to the customer, hoping our rates are competitive and they won’t go elsewhere. Some Landlords seem unaware that BTL properties ARE the social housing sector! So lets just hope for a housing boom to reallocate tenants into HA properties.