šŸ” Renters’ Rights Bill Passed! What It Could Mean for Landlords Thinking of Selling

ā±ļø 4-minute read

MPs have now passed the long-awaited Renters’ Rights Bill (22nd October), with the new law set to take effect soon. It represents the biggest change to renting rules in a generation, and for some landlords, it could be the right time to review their options, including selling.


šŸ“œ What’s Changing
The Renters’ Rights Bill applies to England only and makes significant changes to how tenancies work.

  • Fixed-term tenancies (ASTs) will end. All tenancies will become rolling periodic tenancies, allowing tenants to leave with two months’ notice.
  • Section 21 ā€˜no-fault’ evictions will be banned. Landlords will only be able to evict if tenants breach the tenancy agreement.
  • A new Section 8 process will replace this, giving specific grounds for eviction.
  • Landlords can still evict if they plan to sell, but they will not be able to re-let the property for 12 months if it does not sell.
  • New rules will limit rent in advance to one month and set clearer guidelines for rent rises and guarantors.
  • Discrimination and rental bidding wars will be banned.
  • A new PRS database and Ombudsman will be introduced, and landlords must comply with the Decent Homes Standard, including new requirements for damp and mould.
  • Tenants will also gain a right to request a pet, which landlords cannot refuse unreasonably.

Local councils will have stronger enforcement powers, and compliance will be closely monitored.


šŸ•’ When Will It Happen?
The Bill will soon become law once it receives Royal Assent, but the new rules will be phased in gradually.

The ban on Section 21 and the new periodic tenancy structure are expected to be the first changes, possibly by spring 2026. Other elements, such as the new PRS database and Ombudsman, will follow over the next few years.


šŸ¤” What This Means for Landlords
For many landlords, these new rules could make letting more complex, more regulated, and less flexible than before.

If you are already thinking about stepping back from the rental market, this may be a good time to consider selling.

Key points to think about:

  • Do you want to manage a long-term tenancy under tighter rules?
  • Would you prefer to release your equity and sell before the new regulations take full effect?
  • Could your property appeal to the growing number of first-time buyers in the market?

Selling now could mean fewer compliance hurdles, faster transactions, and an easier route to move your investment into something else.


šŸ’¬ Our View
The Renters’ Rights Bill marks a major shift for landlords across England. While some will adapt to the new system, others may decide that selling makes more sense than staying in an increasingly regulated market.

If you are a landlord in South Craven or the surrounding area and are thinking about selling, we can help you plan your next steps and achieve the best possible sale.

Contact us for honest, local advice on selling your property and making the transition smoothly.

Sources: UK Parliament, GOV.UK

Thanks for reading

Michael

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