Renters’ Reform Bill
The Government have proposed to introduce the Renters’ Reform Bill. The aim is to improve the experience of those living in the private rented sector and the main points highlighted so far are:
- Introduction of a lifetime deposit – it is proposed that tenants be able to pay one deposit which is then transferred from property to property if the tenants move.
- Passporting system – this is to tie in with the lifetime deposit to ensure protection is given to landlords who need to claim against a tenants’ deposit and the new landlord whose property the tenants are due to move into.
- Abolition of section 21 notice – this is something that was proposed last year and has reared its ugly head again! The proposal is to abolish so called “no fault” evictions and reform the grounds for possession.
As more information is released about the Renters’ Reform Bill, Green Door will publish this on our news page and social media.