The UK rental market is undergoing one of its most significant reforms in decades. The proposed Renters' Rights Bill (previously referred to as the Renters Reform Bill) will introduce major changes to how residential tenancies are managed. At Petermans, we are committed to keeping our landlords fully informed and prepared. Below is a clear summary of the key changes and what they mean for you.
Section 21 notices will be abolished, meaning landlords will no longer be able to regain possession without providing a valid reason.
What this means:
Peterman's advice: We will guide you through the updated possession grounds and ensure all notices are served correctly and compliantly.
Fixed-term Assured Shorthold Tenancies (ASTs) will be replaced with rolling periodic tenancies.
What this means:
Peterman's advice: This increases the importance of tenant selection and ongoing management, areas where our expertise adds real value.
Rent increases will be limited to once per year, using a formal process.
What this means:
Peterman's advice:
We will provide market-led rental valuations and manage increases professionally to minimise disputes.
A Decent Homes Standard will apply to the private rented sector.
What this means:
Peterman's advice:
Our property management service includes regular inspections and compliance checks to ensure your property meets all required standards.
All landlords will be required to join a mandatory redress scheme.
A national landlord register will be introduced.
What this means:
Peterman's advice:
We will handle these requirements on your behalf where applicable, ensuring you remain fully compliant.
The Bill also introduces:
Although full implementation is expected in stages, preparation is key.
We recommend:
At Petermans Estate Agents, we are already preparing for these changes so you don't have to.
Our services include:
If you have any questions about how the Renters' Rights Bill affects your property, please contact our team.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.