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Under Part 2 of the Landlord and Tenant Act 1954, most business tenants in England and Wales have the right to renew their tenancy when the current lease ends, with limited grounds for landlords to refuse. With 55% of UK commercial property rented, the Law Commission is consulting on whether this system remains effective for today’s commercial lease market.
Giving evidence to the first session of the Renters’ Rights Bill Committee on 22 October 2024, our Head of Policy and Campaigns, Timothy Douglas, demonstrated the value of engagement from our 18,000 members and raised several key areas where amendments should be made to ensure the Bill is fit for purpose. We will continue to share members’ insights and concerns about the legislation and advocate for balanced measures that protect renters while supporting landlords in offering safe, high-quality homes.
In the second of our series of webinars considering the potential impacts of the new legislation on agents and their businesses, one central message came across clearly - record-keeping will be of paramount importance once the Bill is enacted, and agents can use this time to prepare. Propertymark has developed a complete package of support to help property agents adjust and will continue to evolve our advice as the Bill progresses.
Officials from the Ministry of Housing, Communities and Local Government (MHCLG) working on the Renters’ Rights Bill spent 90 minutes with member representatives from across the country listening to the specific concerns of members and their clients about the proposed legislation. Propertymark has launched a member toolkit to support members share their expert perspectives with their local MPs and encourage them to work with us to find real solutions to the housing crisis, plus resources to help facilitate positive conversations with landlords.