Following the government’s publication of the full details of the Renters’ Rights Bill, which delivers on Labour’s manifesto commitment to transform the experience of private renting, including by ending Section 21 evictions, Propertymark has announced that it will be delivering a webinar today to help letting agents understand the new regulations.
Letting lettings agents are being invited to register to attend the presentation thsi afternoon at 4pm, which will be hosted by Timothy Douglas, head of policy and campaigns and joined by Jan Hÿtch, Lettings Help Line manager and Valerie Banister, former ARLA Propertymark president.
The new Renters’ Rights Bill will bring vast amendments to existing laws and fundamentally change how many aspects of the sector function. It remains vital to see greater protection and improved standards, but any changes must be implemented in a fair and balanced way to avoid unintended or detrimental effects on the sector.
Within the newly anticipated legislation there must be key considerations such as how the proposed abolition of Section 21 will affect the court system and how this can be mitigated to avoid adding a vast additional burden on an already pressured system. In addition, it is important that attention is paid to creating a fair taxation structure for landlords that both supports and encourages ongoing investment to keep pace with ever growing demand.
Propertymark says it is keen to see new legislation maintain a strong provision regarding fixed term tenancies, which is essential for the security of both tenants and landlords equally and is especially prominent when considering the impact this could have on landlords potentially converting their attention to the short-term lettings market.
Propertymark is keen to communicate the proposals contained within the new bill to lettings agents’, to help ensure there is strong understanding, as well as full representation from an agent’s viewpoint, as the bill works its way along to becoming stamped into law.
Nathan Emerson, CEO of Propertymark, commented: “The Renters’ Rights Bill represents one of the biggest evolutions of law for the rental sector in many decades and it is essential lettings agents are powered with robust information to help them navigate forthcoming changes.
“It is crucial there is strong stakeholder engagement from within the industry to ensure all new proposals are practical, objective and fit for purpose. It remains vital there is healthy engagement with the UK Government to help strike a fair and workable balance between tenants, agents and landlords.”
To register your place on the webinar, click here.