Angus McIntosh’s Post

I think these amendments to the Renters Reform Bill take it closer to fulfilling its purpose which is to provide tenants with more security while protecting the rights of landlords and their ability to make an income from their investments. To find out more about the significant changes made to the bill, read my latest blog below:

Significant changes have been made to the Renters Reform Bill proposal. Whether you're a landlord looking to optimise your investments or a tenant seeking stability, our latest blog breaks down what you need to know. Dive into the details of minimum tenancy periods, Section 21 notices, and much more. Don't navigate these changes alone - get informed and stay ahead by reading our blog: https://lnkd.in/g5WJe2BD #property #rentersreformbill #londonproperty

There is no doubt that it’s an uncertain time for landlords 🏠 The much-talked about Renters Reform Bill was in the House of Commons this week for its second reading, with a deadline to return for by the end of November and to become law in the first half of next year. There is no doubt the reforms place additional burdens on landlords, in terms of quality of accommodation and meeting new standards, as well as shifting the emphasis towards tenant rights and protection. The good news? It must be remembered that in spite of all of this, there is still huge demand in the rental sector, with new data showing that an extra 120,000 rental homes are needed to meet this demand. The National Residential Landlords Association - NRLA is an excellent source of information if you’re considering becoming a landlord or expanding your portfolio. Our property team regularly provide advice to property investors and landlords on the acquisition and disposal of assets to ensure transactions are completed efficiently and effectively. https://lnkd.in/ewHFkA5J

As the Renters (Reform) Bill approaches it’s Third Reading in the House of Commons, we have conducted nationwide research of our tenants and landlords for their views on the topic.   A majority of landlords (62%) stated that they intend to maintain or increase their portfolio over the next year despite the likely enactment of the Renters (Reform) Bill in the meantime.   Allison Thompson MARLA, National Lettings Managing Director commented, “Although there are some substantial changes in the private rented sector, both political and financial, the so-called ‘landlord exodus’ is being overstated – as this research demonstrates. Yes, there are some significant issues with the Renters (Reform) Bill but LRG and others have been actively involved in shaping this legislation so that it is fairer on landlords – who after all, are the mainstay of the property industry and depended upon by Government to provide homes to some of those most in need."   You can read more about our results below.   #landlords #privaterentalsector #rentersreformbill #lettingsreport

One of the things I keep being asked about the Renters' Rights Bill is "will landlords sell up?" There is some early evidence of this but it is inconclusive. However, it should not be forgotten that many landlords fall into the category I usually term the "blissfully ignorant". I still get calls from some of these people surprised that they have to protect tenant's deposits. So the reality is that although everyone in my bubble is discussing the effects of the RRB, the wider PRS is largely unaware of it and probably will become aware sometime next year as it comes into force. This is where it gets interesting. One of the key grounds for possession is for sale. Normally this cannot be used in the first 12 months of a tenancy. But the period that pre-dates RRB commencement is included in this calculation. In addition, tenants who might have negotiated themselves a fixed term now that lasts well beyond RRB commencement will have that wiped away by the Bill as fixed terms are eliminated. Therefore you will have lots of landlords becoming aware of the RRB and at the same time realising that the fixed term which barred them from selling is gone and there is a ground which will allow them to get vacant possession to sell. If there is a point at which the less aware landlords will get cold feet and sell up this is when it will be. This may leave a fairly large number of relatively affluent tenants coming to a reduced market at the same time, which will be an enormous driver of rent increases. Kate Faulkner OBE Richard Donnell #rentersrights #landlordsales

🚨 Renters' Reform Bill: What Landlords & Tenants Need to Know 🚨 The UK property market is set for significant changes with the introduction of the Renters' Reform Bill, designed to overhaul the private rental sector and create a fairer environment for tenants and landlords alike. Here’s a quick breakdown of the key changes and what they mean for you: 🔑 Abolishment of Section 21 "No-Fault" Evictions Landlords will no longer be able to evict tenants without a valid reason, giving renters greater security and stability in their homes. 🏠 New Property Standards All rental properties must meet the new Decent Homes Standard, ensuring that tenants have safe, clean, and comfortable living spaces. 🔁 Changes to Rent Increases Landlords will be limited in how often and by how much they can increase rent, with greater clarity provided to both parties during tenancy agreements. 🤝 Stronger Grounds for Eviction While tenants gain security, landlords will have clearer and stronger grounds for repossessing their property in cases such as rent arrears or anti-social behaviour. As we prepare for these changes, it’s crucial for both landlords and tenants to stay informed and understand how the new regulations may affect them. At Michael Graham Lettings, we’re here to help you navigate this new landscape and ensure that your rights and responsibilities are met. If you have any questions about how the Renters' Reform Bill might impact you, feel free to reach out. Let's make sure you’re ready for the future of renting! #RentersReformBill #UKProperty #TenantRights #LandlordAdvice #MichaelGrahamLettings #PropertyLettings #RealEstateReform

It’s been a rough few years for landlords, but more than half remain positive about the future despite the Renters Reform Bill. 🧐 For those who don’t know, the bill will give tenants greater protections and ban Section 21 “no-fault” evictions. However, due to backlash from backbenchers, the plans look set to be watered down. As a result, research suggests that most landlords plan to maintain or increase their portfolio in the year ahead. This, coupled with the long-term perspective held by most landlords, means that 2024 could be a great year to build your property portfolio. To find out more about buy-to-lets and maximise your income as a landlord, visit our website.   #BuytoLet #RentersReformBill #Landlords

The salient points of the new proposed legislation, expected in force sometime Jan - Mar 2025. This will pass through Parliament fast as it had gone through to final reading before General Election. It had cross party support as the "Renters Reform Bill" under the Tories. Not expecting major amendments. If you watched my video earlier this week, you know I have poked holes at this legislation. Reading the draft bill today, all I can say is a lot of it is actually worse for tenants (?!). All the hype is around abolishing "no fault evictions" like it helps tenants. Let me tell you every section 21 we serve has a reason like rent arrears, landlord wants to move back in or sell up. Landlords use section 21 to get possession of their house and they often do not claim for the rent arrears. To do so, they had to use a section 8 and go to court. Well, guess what, if landlords will now be forced to use section 8, then they will include the entire claim for damages (arrears, property damage etc etc). So that will be more CCJs on tenants? Bear with me on another legal point why this legislation should be called "Landlord Perks Bill". New Bill says we cannot write rent increases into the tenancies. We have to only do annual rent increases and to market rent only. Let me tell you a secret. Rent increase clauses in our tenancy agreements follow an inflation index. Ever since the Bank of England got our crazy inflation down to 2% ish, that rent increase has been a small 2%, and below market rent. SO if we can increase to market rent under the Section 13 procedure, then that is even better for landlords. Rents will be going up across the country, simply due to supply and demand. Many landlords are selling up because they are scared, fed up and honestly think tenants' rights are more than landlord rights. Dig deeper, behind the headlines, talk to me with 17 years experience here as a solicitor, property investor landlady, manager of a lettings agency and I'll give you some facts to show you that landlords will be fine. The Private Rented Sector always adapts and thrives. #lettingsagency #lettingagent #privatesectorlandlords #buytolet #propertyinvestment #belvoir Josie Humphreys Raphael Hirschi Nigel Howle

Rent control protections bypassed legally. Discover how landlords use the Ellis Act: Rent control laws aim to protect tenants. But landlords sometimes need a way out. I've seen many tenants lose homes due to the Ellis Act. In California, it's controversial but common. Landlords invoke it to exit the rental business. They often redevelop properties into high-end condos. This strategy displaces tenants, reducing affordable housing. The Ellis Act lets landlords sell and transform properties. San Francisco sees this frequently, sparking policy debates. Avoid being caught off guard by understanding your rights. If you're a tenant, research protections available. Engage in local housing discussions. Stay informed to secure your housing future.

🏡 The Renters Reform Bill: What It Means for Agents and Landlords 🏡 With the upcoming Renters Reform Bill set to bring sweeping changes to the rental market, agents and landlords may face new challenges in managing their properties and tenants. Key reforms include: ⚖️ Abolition of Section 21 "no-fault" evictions 🔄 Simplified grounds for repossession 🔧 Stricter property maintenance standards 🛠️ Changes to the Decent Homes Standard These reforms aim to enhance tenants' rights and living conditions, but they also place increased responsibility on landlords and agents to meet stringent requirements. This is where Renovation Rewards can step in to support you. As a trusted property maintenance company, we’re here to ensure your properties meet the new standards and remain compliant with the legislation. 🔑 How We Can Help: *Proactive maintenance checks to prevent issues before they arise *Fast response to repairs and emergency works *Ensuring properties comply with new regulations on safety and habitability *Ongoing property upgrades to meet Decent Homes standards Navigating these changes may seem overwhelming, but with our expertise, we’ll make sure your properties are well-maintained and compliant—keeping both you and your tenants happy! 💬 Get in touch today to learn how we can help you manage the upcoming reforms and protect your investments. #RentersReform #PropertyManagement #Landlords #LettingAgents #PropertyMaintenance #Legislation #RentalMarket #Compliance #DecentHomesStandard #RenovationRewards