Government commits to reforming Private Rental Sector
Back in April 2019 the Government announced its proposals to reform the way in which landlords will be able to evict tenants. Since the proposals were announced there has been much debate on both sides with the Government opening a consultation on tenancy reform and it would now seem that change is finally on its way.
Yesterday, the Government committed to overhauling the private rental sector, announcing in the Queen’s Speech its intention to introduce the Renters Reform Bill.
The proposed package of reforms includes:-
The Government states that the main benefits of the Bill will be to improve security for tenants in the private rental sector by providing greater protection and longevity to tenancies, whilst also strengthening the rights of landlords who need to gain possession of their property when they have a valid reason to do so.
The finer details of the reforms are yet to be debated and there is no timeframe set confirming when new legislation will come into force but what is certain is that the biggest changes in the private rental sector are once again on the horizon.