Propertymark equips members for biggest change to rental market in 30 years

The Renters’ Rights Bill is progressing through Parliament at pace, with the Second Reading of the legislation happening on 9 October, and Propertymark has launched a programme of support to help the sector prepare. Our recent webinar on the widely anticipated new law helped alert agents to why it will prove to be one of the biggest changes to the rental market in over three decades, and we have partnered with renowned legal expert Tessa Shepperson to provide training on the Bill and its implications.

Children's letter blocks spelling out the word rent with hand holding a house block

Change is coming

The UK Government is capitalising on their strong political mandate to act swiftly on rental reform, and it is expected that the first elements of the Bill - notably the ban on Section 21 - could be enacted as soon as summer 2025. Property agents must understand the changes to adjust their practice and advise clients and customers correctly.

Led by Timothy Douglas, Propertymark’s Head of Policy and Campaigns, Jan Hÿtch PPNAEA, FARLA, FNAVA, Propertymark’s Helplines Manager, and Valerie Bannister PPARLA, former ARLA Propertymark President and current ARLA Propertymark Regional Executive, the webinar explored four key themes around the Renters’ Rights Bill: periodic tenancies, student tenancies, new grounds for possession, and advertising and increasing rents.

Listen to a recording of the webinar  →

Practical actions agents can take now

Our panel advises property agents to review their fee structure, identify mitigations for any business risks, and ensure that existing tenancy agreements do not collide with the new legislation that will enable tenants to keep pets at their properties.

They also discussed the future of fixed-term tenancies, longer periods of rent arrears, and periodic tenancies becoming simpler once the new law is enacted. 

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12 Sep 2024
Understanding the Renters' Rights Bill: what letting agents need to know

Supporting property agents adapt

The panel advised anyone unsure of what is being proposed by the legislation to attend one of Propertymark’s upcoming training courses or Regional Conferences to understand how the Renters’ Rights Bill might affect them. 

We are delighted to offer an exclusive opportunity to meet and learn from renowned industry expert and solicitor Tessa Shepperson who will lead a virtual training course — Preparing for the Renters’ Rights Bill.

Tessa is a well-known author, trainer on PRS legal issues and a regulated solicitor who has specialised in residential landlord and tenant law for 25 years. In the session, she will guide attendees through areas where the Renters’ Rights Bill will affect landlords and agents and provide tips, insights and advice on preparing for this new regime.

Further webinars, training, and resources - including a letting agents' toolkit to help businesses adjust their working practices and remain compliant - are being prepared by our expert teams and will be available to members soon.

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Renters' Rights Bill

The Renters’ Rights Bill was introduced to the UK Parliament on 11 September 2024, will ban Section 21 evictions, and introduce a new tenancy regime and new requirements for property standards and rent increases.