The Renter's Rights Act comes into effect today (1st May).
The bill, which was introduced to Parliament on 11th September 2024, aims to give greater rights and protections to renters and landlords.
The key changes include the abolition of Section 21 ‘no fault evictions’, introducing the Decent Homes Standard to the private rental sector, banning rental bidding wars and preventing unfair rent increases.
The Renters’ Rights Act will also ban landlords and agents from refusing tenants because they have children or receive benefits, as well as strengthening local authority enforcement and bringing Awaab’s Law into the PRS, requiring landlords to fix damp and mould promptly.
The bill has been met with great uncertainty within the sector with recent Paragon Bank research demonstrating that nearly two thirds of landlords are still uncertain about how the Renters Rights Act will impact them.
