How are renting and eviction rules changing?

Published On Mar 26, 2023, 7:05 PM

The UK government is proposing the Renters' Rights Bill, which aims to eliminate no-fault evictions, a trend that has led to over 26,000 such cases since 2019. The legislation will allow tenants a 12-month protected period post-agreement, barring evictions unless landlords have specific ground. Rent increases will be limited to once annually and must reflect the market average to prevent bidding wars. Furthermore, landlords who refuse tenants with children, pets, or those on benefits would face discrimination charges, establishing more rights and protections for renters.

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Stock Forecasts

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Positive

The Renters' Rights Bill is likely to create a more stable rental market, potentially increasing demand for long-term rental investments. Investors in real estate and rental properties that comply with these new regulations could see a positive impact on their returns as tenants seek stable housing.

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Negative

Companies involved in property management and rentals may experience operational challenges due to the new regulations. Compliance could lead to increased costs, impacting profitability negatively for landlords and property management firms.

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