Renters' Rights Act: Key Updates
The Renters' Rights Bill has been granted Royal Assent, becoming an act on Monday, 27 October.
A roadmap for implementing the rules has yet to be announced by the government, with clarifications expected in the coming weeks.
BREAKING NEWS: We've won!
This declaration by the Renters Reform Coalition suggests the Act is seen as a win for tenants over landlords or agents.
- Landlords and agents argue the Act will lead to higher rents due to increased risk.
- However, rising rents in recent years have stretched tenant affordability, raising questions about their capacity to absorb further increases.
Author's summary: Renters' Rights Act becomes law, awaiting implementation roadmap.