As many of you may know, I’ve been involved in the property sector for over two decades, and I am also the Managing Director of Amax Estates & Property Services. In addition to my hands-on experience, I’m passionate about educating others in the industry, which is why I recently published my first book, ‘How to Become a Successful Property Investor’. This book is an essential guide for those looking to enter the property market, helping them avoid common pitfalls and make informed decisions from the start. If you haven’t yet got your copy, I encourage you to do so - you can find it on Amazon and start your journey towards successful property investing today.
This month, I’d like to focus on a significant piece of legislation that’s on the horizon: the Renters Rights Bill. Originally introduced by the previous government as the Renters (Reform) Bill, it was set to bring substantial changes to the rental market but didn’t make it into law before Parliament was dissolved. Now, with the Labour government in place since 5 July 2024, the bill has been reintroduced under a new name, but much of the original content is expected to remain.
Since the King’s Speech on 17 July 2024, there has been little movement on the bill due to the summer recess and the upcoming conference season. However, I want to share with you what we know so far and what you, as landlords and investors, should be preparing for.
Key Provisions of the Renters Rights Bill