In a recent development regarding the Renters (Reform) Bill, an array of amendments has been introduced, marking significant changes in the landlord-tenant dynamics. Among these amendments, one stands out: the prevention of landlords from selling a property within two years of the initiation of a tenancy. Spearheaded by Labour’s shadow housing secretary Matthew Pennycook, this amendment aims to provide tenants with a sense of stability and security in their housing arrangements.
This rule specifically targets landlords intending to sell their property or move back into it, offering a buffer period of two years after the commencement of the tenancy. This addition to the bill is part of a larger set of amendments, totalling eight and spanning across a comprehensive 112-page document.
Another notable amendment is the extension of the notice period for tenants wishing to terminate their tenancy. Under this provision, tenants must reside in the property for a minimum of four months before issuing a notice to quit. With the standard notice period being two months, this effectively ensures that tenants commit to staying in the property for at least six months, aligning with the current practice for Assured Shorthold Tenancies (ASTs).
Furthermore, Tory MP Natalie Elphicke has proposed an amendment requiring landlords to compensate tenants with a relocation fee if they are asked to vacate the property within the initial two years of the tenancy.
However, the upcoming debate on the bill is expected to intensify as Tory MPs, including 49 rebels, advocate for additional amendments. These proposed changes include banning section 21 evictions contingent upon the upgrade of the court system, easing the burden of evidence required for evicting anti-social tenants, and protecting student House in Multiple Occupation (HMO) landlords from the imposition of periodic tenancies.
Propertymark, an industry body representing property professionals, has expressed support for the amended proposals. They particularly welcome the commitment to review the health of the private rented sector annually and endorse certain amendments proposed by rebel MPs, such as the reassessment of property licensing regulations once the new Property Portal is operational.
Timothy Douglas, Head of Policy and Campaigns at Propertymark, emphasized the importance of retaining fixed-term tenancies and advocated for improvements in the court system to ensure the effective implementation of Section 21 abolition.
As the Renters (Reform) Bill progresses through its legislative journey, these amendments reflect a concerted effort to address the evolving needs and concerns within the rental housing market, balancing the rights and responsibilities of both landlords and tenants.