Banner
Renters Rights Bill – be prepared As a key part of Labour’s manifesto, there is a clear political desire for this bill to progress to law without undue delay. We believe this will complete its journey through parliament and receive Royal Assent by summer 2025. Once the bill is law landlords will be unable to commence any legal action against tenants until they are at least 3 months in rent arrears. Then a Section 8 notice would be served and a potentially very long wait for the case to go through an overstretched court system. So, that is the bad news, what can landlords do to protect themselves? Firstly, it may seem draconian, but if tenants have a bad payment history or are already in arrears then action should be taken before the new act comes into force. Waiting and hoping things will improve is never the best course of action. Finally, we strongly recommend the protection a rent and legal policy provides if the worst happens. Please see our recommended insurance providers range of cover at https://www.aldreds.co.uk/landlord-tenant-insurance