Greater Accountability
|
Landlords are now required to meet
higher standards of property
maintenance and tenant care. This
includes adhering to the Decent
Homes Standard and addressing
hazards like damp and d under
Awaab’s Law. These measures ensure
that properties remain safe, habitable,
and attractive to tenants.
|
Streamlined Tenancy Structures
|
Abolishing Section 21 evictions provides tenants with greater stability, encouraging investment in their homes and communities. For landlords, this leads to fewer tenancy turnovers, reduced void periods, and predictable rental income, while still allowing them to regain properties when necessary for selling or personal use.
|
Fair Rent Adjustments
|
Tenants now have the right to challenge excessive rent increases, ensuring rents remain aligned with market rates. For landlords, this creates a more transparent process, reducing disputes and fostering trust. By setting fair rents, landlords can attract and retain reliable tenants, minimising void periods and turnover costs.
|
New Compliance Requirements
|
Landlords must register on the Private Rented Sector Database and join the new Landlord Ombudsman Service. These steps not only ensure compliance but also provide access to resources and support to help landlords navigate the new system.
|
Rental Opportunities
|
The updated rent review process ensures transparency and fairness, reducing the risk of disputes. Landlords can still adjust rents annually to reflect market conditions, while tenants gain confidence in the process, fostering a more positive landlord-tenant relationship.
|