The much anticipated (and feared) Renters’ Rights Bill is set to be introduced in Parliament this week.
The Guardian has reported that it will include new protections for tenants whose landlord wants to sell or move in, plus restrictions on bidding wars, but no plans to cap rent increases at inflation or wage growth.
Ministers want to bring in a law to stop landlords and letting agents starting bidding wars by asking or encouraging renters to bid more than the listed rental price, according to the report. It is also expected to abolish Section 21 evictions and mandate longer notice periods.
Ben Beadle, chief executive of the National Residential Landlord Association (NRLA), said the group backs some of the public proposals, while stressing the need for robust possession grounds for landlords. He said: “Plans to reform the private rented sector have been on the table for over five years now. Above all, renters and landlords need certainty about what the future looks like. Whilst we await the precise details of the Bill, it is vital that it works and is fair to both tenants and landlords.”