As the New Renter’s Rights Act comes into force, all landlords need to be aware of the changes that could impact them. Over the coming months, these changes will roll out to make the system fairer and more transparent for everyone. Remember, while new rules can often be off-putting for landlords, they can also deliver real opportunities.
The Act aims to set out clear expectations and better communication between landlords and tenants. This can lead to fewer disputes and a better experience for all parties involved. Change can always feel a little daunting, but staying ahead of it can help you protect your investment.
In this article, we take a look at how the Act focuses on raising standards and giving tenants more certainty, while also supporting landlords in providing good homes for their tenants.
The main changes you need to know
Several of the upcoming changes will shape how tenancies work in the future. Some of the key areas to be aware of include:
Tenancies will become periodic
Rolling periodic tenancies will replace fixed-term contracts. In addition to offering tenants flexibility, this gives landlords stability. Secure tenants are more likely to stay longer, which lowers void periods and increases income consistency.
Section 21 notices will be removed
The Act removes Section 21 no-fault evictions. Instead, landlords will use clear, up-to-date grounds for possession when they need a property back. These include selling the property, moving in a close family member and dealing with persistent rent arrears or anti-social behaviour. The new grounds are designed to be fair and workable, so responsible landlords can still take action when they genuinely need to.
Rent increases will be controlled
Landlords can still raise the rent, but only once a year. If you decide to increase the rent, you’ll need to follow the official process and give your tenants at least 2 months’ notice. Tenants can question the rent if they feel it’s higher than the local market rate, which keeps things fair and helps both sides stay open and honest.
Stronger standards and better transparency
The Act reinforces the need for safe, well-maintained homes. If you already keep your property in good condition, you’re unlikely to need major changes. The Act also asks landlords to be clear about rents, fees and expectations.
How these changes can benefit landlords
While many of these changes focus on tenants’ rights, they also offer several advantages for landlords, such as:
- Longer tenancies
- More stable tenancies
- Fewer tenant disputes
- Higher quality tenants
- Stronger reputation as a landlord
Getting ready for the New Renter’s Rights Act
While these changes are not yet in full effect, you can make preparations now to ensure you’re ready. Here are a few simple steps you can take now:
- Review your tenancy agreements and highlight how they will change
- Make sure your property is compliant with all safety and maintenance requirements
- Keep accurate records of inspections, repairs and communications
- Follow the new processes for rent increases
- Be clear and open when communicating with tenants
Looking for landlord advice?
At Shortland Horne, we are committed to helping landlords throughout their renting journey. From marketing your property to managing viewings and referencing tenants, our team is here to offer advice, knowledge and support during every stage. Get in touch to see how we can help.