The Renters’ Rights Bill: A New Era for Private Rented Housing Standards?
The Renters’ Rights Bill marks a significant shift in the landscape of private rented housing in the UK. While the abolition of Section 21 and fixed-term tenancies have garnered much attention, the Bill also introduces substantial changes to the way housing standards are assessed and enforced.
Key changes include:
- A Decent Homes Standard will be introduced for the private rented sector, with fines of up to £7,000 for non-compliance. This standard, currently applied to social housing, will ensure properties are free from hazards and may include regulations regarding the age of fixtures and fittings.
- Awaab’s Law. In the wake of the tragic and entirely avoidable death of toddler Awaab Ishak due to mould in his housing association home, Awaab’s Law will be extended to private renting, setting clear timeframes for landlords to rectify serious hazards. This will empower tenants to take legal action against landlords who fail to meet their obligations.
- A digital private rented sector database will be created, providing information for landlords, tenants, and local authorities.
- Local authority enforcement powers will be strengthened, allowing for greater investigation and entry into PRS properties, along with increased financial penalties for non-compliance.
The Housing Health and Safety Rating System, currently used to assess hazards in residential premises, is under review. It will be interesting to see how this system interacts with the new Decent Homes Standard.
These changes aim to create a safer and fairer private rented sector, offering tenants greater protection and holding landlords accountable for maintaining decent living conditions.
Staying Ahead of the Curve. How we can help
Navigating the ever-changing world of property management can be daunting. That’s why we at Let’s Rent and Hull HMO are committed to keeping our clients informed about the latest reforms and regulations.
As a proactive property management agency, we ensure all our investment property owners are kept up to date on the latest changes. This allows us to maintain full adherence to all regulations as part of our comprehensive service.
Even if you’re not currently utilising one of our management packages, we encourage you to visit our advice section regularly. We’ll keep you informed on all the latest developments, ensuring you stay ahead of the curve.
If these coming changes affect you and your investment property then you may be interested in the 2024 Landlord Conference which will be held at the NEC in Birmingham on November 6th, 2024. It’s a one-day conference for landlords and letting agents, offering a wealth of information and practical guidance on impending legislative impacts on property investment. There is an opportunity to network with other landlords and letting agents, and get onsite advice and guidance from a range of exhibitors.
To find out more and to book tickets go to:
