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Now we have a new government, how will this affect Twenty11 and how we operate as a landlord?
The introduction of the Renters' Rights Bill and the proposed abolition of Section 21 evictions under Labour have implications for private landlords, but thankfully here at Twenty11 we have been preparing for these changes as we already operate with a social conscience.
The Renters' Rights Bill is being introduced to offer enhanced tenant protections. It aims to provide greater security and rights for tenants. This means landlords may face stricter regulations regarding tenant treatment, property maintenance, and lease terms.
There might be new standards for rental property conditions, requiring landlords to ensure their properties meet certain safety and habitability criteria.
We don’t have all the details around this yet, but we are confident that our homes all meet the ‘decent homes standard’ and that all safety checks are up to date, it’s something we take seriously as a landlord and is why we offer Tenancy Sustainment Licence (TSL) points to tenants who allow us access to carry out these safety checks.
The bill is also expected to offer more robust mechanisms for dispute resolution and enforcement, potentially involving more governmental oversight or the establishment of independent bodies to handle such issues.
Enforcement of tenant rights could become more stringent, with landlords facing higher penalties for non-compliance.
We welcome this and actively share with our tenants how to make complaints and leave feedback, so we are happy this is being considered to help hold all landlords to account.
Section 21 currently allows landlords to evict tenants without providing a reason, with a notice period. Abolishing it means landlords must have a valid reason to evict tenants, such as breach of tenancy conditions or rent arrears.
This change aims to increase tenant security, making it harder for landlords to evict tenants arbitrarily or without substantial cause.
For us sustaining a tenancy with our tenants is what we want to achieve, so we always try everything we can before going down the route of evicting tenants, so again we feel we are already complying with this.
There are fears that some landlords may exit the rental market if they find the new regulations too burdensome, potentially leading to a decrease in available rental properties.
Twenty11 has no plans to cease as a landlord, so if you are one of our tenants, please don’t worry about this!
