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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Good Con Will Take Landlords’ Concerns To Top Bad Con

7th Aug 2023

Conservative MP for Stratford-on-Avon, Nadhim Zahawi, sides with landlords over their concerns of the proposed abolition of periodic tenancies in the Renters Reform Bill, and has promised to speak to Michael Gove over issues.


Image credit: Pexels

A local South West estate and lettings agency’s director arranged a meeting with Mr. Zahawi and the MP is well aware of the issue in Gove’s Renters Bill and firmly believes it will hit landlords hard financially

The MP said the focus of the Bill is to “deal with rogue landlords” but he admitted that “at the same time we must listen to legitimate concerns”.

He said: “We all want a fair private rental sector. This [the abolition of periodic tenancies] will make it more difficult in terms of finance and security of tenure.

“I believe in contract law and one of the best things about investing in the UK is we have the best legal framework in the world. Contracts matter and so fixed terms make sense to me.

“It would be disturbing if they [tenants] left a tenancy under those [new] conditions. A landlord would be stuck.”

He is fully aware that the scrapping of fixed term tenancies is going to cause serious problems to both student landlords and students themselves.

Nik Kyriacou of the agents also discussed other issues for landlords and tenants during the meeting with the MP which included the obvious housing supply outweighing demand, higher tax rates imposed on BTL investors, rents rising to offset EPC rating requirements and the mortgage rate increases.

Kyriacou said: “The meeting with Mr Zahawi was extremely positive. He was receptive and responsive and has promised to look into our concerns and raise them with the government.

“He has so far been the only MP in our patch who responded to not just our letter to Mr Gove regarding the Bill, but also our requests to meet and discuss the proposals which we believe will have a detrimental impact on both landlords and tenants and could result in landlords leaving the sector.

“He has promised to look in detail at the proposals within the Bill and take our concerns to Mr Gove.”


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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/