More news on renters reform bill!
There is some very sensible news coming from Whitehall regarding the Renters Reform Bill and its bumpy ride through parliament.
After the 3rd reading the Renters (Reform) Bill was voted through yesterday evening to its next stage. Housing Minister, Jacob Young confirmed that Section 21notice won’t be abolished until the court system is deemed ready. The government will require the Lord Chancellor to assess the county court possession order process in England and its enforcement before the end of Section 21 (no-fault evictions).
The other good news is another key amendment – only allowing tenants to give notice after six months (rather than the originally proposed two months) – was also approved, with exemptions such as death of a tenant or victims of domestic violence being considered.
These sensible amendments, despite Labour’s objections, will give landlords considering their options some confidence and will no doubt go some way to stem the flow of landlords selling their rented properties due to concerns about this new legislation.
We will keep you informed of the developments as they are announced.