01 Nov 2024 Company Update
The Benefits of Owning a Buy to Let Property…
The Renters’ Rights Bill was published and introduced to the UK Parliament on Wednesday after years of ‘will they, won’t they’ talks.
There is no debate at this stage, and the date of Second Reading will be published after Conference recess which takes place from 12 Sept 2024 to 7 Oct 2024. At Second Reading (expected on the 9 Oct 2024) MPs will have their first chance to debate the Bill where there may be small changes but more clarity.
The Bill contains many measures that were included in the Renters (Reform) Bill, however the Renters’ Rights Bill changes the initial number of clauses from 60 to 140.
Today Sian, Lettings Director and Gavin, Residential Director attended the Propertymark Regional Conference in Bristol. The Renters Rights Bill was obviously a high discussion point with many of our peers and speakers.
HIGHLIGHTS OF THE KEY MEASURES
We understand this will be implemented Summer 2025.
We will, as always, be communicating as this develops further.
You can read more here
https://www.gov.uk/government/collections/renters-reform-bill
If you have any questions, please call and speak to a member of our team.
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