“Above all, renters and landlords need certainty about what the future looks like"

Ben Beadle, chief executive at the NRLA, said: “Plans to reform the PRS have been on the table for over five years now; above all, renters and landlords need certainty about what the future looks like."

"While we await the precise details of the bill, it is vital that it works, and is fair, to both tenants and landlords.

“Once the bill is passed, it is vital that sufficient time is provided to enable the sector to properly prepare. Over 4.5 million households will need tenancy agreements updating, letting agent staff and landlords will need to undertake training and insurance and mortgage providers will need to adjust policies and rates.

“None of this will happen overnight and the government needs to publish guidance."