This weeks Renters' Rights Act marks a monumental shift in the private rental sector
At Aston Vaughan we see this as a pivotal opportunity to support our clients during this transition, and our lettings manager, Helen Stone, is here to offer expert consultation and assistance with your portfolio
This weeks Renters' Rights Act marks a monumental shift in the private rental sector, ushering in a new era of professionalism and transparency.
This legislation aims to enhance clarity and protection for both landlords and tenants while promoting higher standards across the lettings industry.
At Aston Vaughan we see this as a pivotal opportunity to support our clients during this transition, and our lettings manager, Helen Stone, is here to offer expert consultation and assistance with your portfolio whether it be 1 or multi / diverse units.
With the introduction of the Renters' Rights Act, landlords face new responsibilities that may feel daunting. Changes to tenancy agreements, possession procedures, rent increases, and property standards require careful navigation.
Helen Stone and our dedicated team are committed to providing the guidance you need to adapt to these changes confidently.
Key Changes:-
- Abolition of Section 21 ‘no fault’ evictions: Landlords must now utilize updated Section 8 grounds for evictions.
- End of fixed-term tenancies: Tenants can now give notice at any time, subject to a minimum 2 months notice period
- Increased rent arrears threshold: Landlords can only seek possession after rent arrears reach three months.
- Right to request pets: Landlords cannot unreasonably refuse tenants keeping pets in rented properties.
- Ban on blanket benefit/family discrimination: All prospective tenants must be assessed individually.
- Ban on “bidding wars”: Properties must be marketed at a fixed rent.
- Awaab’s Law: New strict timelines for addressing hazards like mould (14 days to investigate, 7 days to fix, 24 hours for emergencies).
- Mandatory Ombudsman membership: This ensures greater transparency and accountability in the rental market.
Support from your agent;-
There are crucial check-points to be considered at set up to ensure Landlords do not fall foul of the regulations.
At Aston Vaughan, we are here to help you manage compliance with these new regulations. Our enhanced Rent & Legal Protection (RLP) insurance is now available to safeguard your rental income and mitigate risks under the new legislation.
Next Steps
If we are already managing some or all of your tenancies we will be in touch with any specific considerations relating to your active tenants / tenancies. If you are a self managed Landlord or not yet working with us, contact Helen today for expert, no-obligation advice on what is a significant adjustment in the industry. Call 01273253000 opt 2 or email helen@astonvaughan.co.uk