Renters Rights Act - Cope & Co.

Page 6

www.copeandco.co.uk

The Abolition of Section 21 “No Fault” Evictions The abolition of Section 21 under the Renters’ Rights Act marks a significant change for landlords in England. Section 21 currently allows landlords to evict tenants without providing a specific reason, as long as they give two months' notice following the end of a fixed-term tenancy, or during a periodic tenancy.

KEY IMPACTS ON LANDLORDS

HOW LANDLORDS CAN ADAPT

End of 'No-Fault' Evictions Landlords will no longer be able to regain possession of their property without providing a valid legal reason. Stronger Grounds for Possession under Section 8 Landlords will have to rely on Section 8 eviction notices, which require specific legal grounds for possession. Potentially Longer Eviction Timelines Section 8 evictions involve court proceedings. If the courts face backlogs, there could be significant waiting periods before regaining possession. Increased Compliance and Legal Costs Landlords will need to revise processes, keep more accurate records of tenant behaviour and be ready for potential disputes in court. Changes in Tenant Selection Landlords will more likely become more selective when choosing tenants to reduce future eviction risks.

Review tenancy agreements to ensure they comply with the new laws. Revise referencing criteria to minimise the risk of issues later. Stay updated on the new Section 8 grounds and potential court reforms. Consider Rent Guarantee Insurance to protect against arrears and legal costs Engage with a specialist letting agent who can help navigate the changing legal landscape.

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This is undoubtedly the most multi faceted piece of legislation to impact the private rental sector in the last 30 years. It is an absolute game-changer for landlords and agents alike.

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