The Renters Reform Bill, introduced to Parliament on 17 May 2023, set out to address a number of issues facing landlords and tenants in the private rental sector. Despite the government insisting the bill has been designed to benefit both parties, many landlords remain concerned that the introduction of unreasonable requirements and hefty fines of up to £30,000 could drive many out of the industry and even bankrupt some. Whilst the bill was expected to become law sometime in 2024, the government recently announced it will be delayed until after the court system is reformed – a process that could take years. Unsurprisingly, this decision has been welcomed by most landlords and agents. What is the Renters Reform Bill? The Renters Reform Bill aims to deliver on the government’s commitment to “bring in a better deal for renters” by fundamentally … Continue reading →