Change of law for landlords and tennants

[Gin96]

www.theguardian.com/society/2019/apr/15/short-notice-evictions-face-axe-in-tenant-rights-victory

Do you think this will help tenants? Will landlords think renting is to much hassle and start selling their properties?

2 months means you’ll be forced to grab any old chit or go homeless.

And ll do rent out whilst planning to sell. It happened to us in the short time we were renting and it has happened to friends countless times.

I don’t think property owners should be allowed to rent out unless they do it properly. Expecting tentsnts to be deemed as little more than short or med term mortgage payers on your behalf isn’t on. As a nation we’re evolving into more renters like in Europe. We need the same rights and do do children in rented accommodation. There should be independent rental inspectors too so children aren’t breathing in mold and damp.

2 months is not enough time to find a new property or in the best interests of children who suffer from disruption and often need new school

But, unless things change radically, in practice it will be much more than two months if tenants can't move out sooner, as the landlord will still need to get a court order to secure vacant possession.

This news story has made me very nervous. I think I might have to ask my current tenant to leave before this new law gets passed. If tenants are going to end up there for life I will need a much higher rent and be much stricter on what sort of tenant I accept. Professional mobile single people only from now on.

I imagine estate agents will get really pissed off at the influx of people wanting to sell but then pull out as soon as the tenant is out.

If tenants are going to end up there for life I will need a much higher rent and be much stricter on what sort of tenant I accept. Professional mobile single people only from now on.

Why?! Surely a family who pays their rent on time and is no trouble is worth its weight in gold, better than people who leave every 6 months leaving you to re-let each time.

And how on earth can you justify a higher rent?!

But is there anything to stop landlords from just putting rent up to an amount that they know the tenant won't pay? Obviously they can only do this outside the 12 month contract but that would be the case for serving notice also unless the tenant has agreed to a six month break.

Unfortunately for less desirable tenants (eg those on dss) it will mean much fewer possibilities as landlords will only want those who seem reliable.

And how on earth can you justify a higher rent?!
A tenant for life becomes a much higher risk, much more costs involved if I have to evict them. If I am to take that increased risk on I will demand a higher return.

better than people who leave every 6 months leaving you to re-let each time No, getting new tennants in every 6/12 months makes it easier to put rents up regularly. If a tenancy is for life it will make it harder to put the rent up.

I'm worried it will stop decent houses being rented by small accidental landlords eg we rented from a lady who was in India for a year with work, and previously I let my flat whilst I was overseas. You need to know you can get your property back when you need to live in or sell promptly and that rents are able to be fairly increased (costs of being a landlord have increased a lot and around these parts rents are not very expensive)

Think Walking pretty much illustrates why the whole sector needs tightening up.

Will be great if it puts off owners from renting out as there will be more affordable property on the market. Win win.

I agree with Stucknoue. We are just in the process of renting our 4 bed family home out. We are one of only 4 of this type of property on right move at moment and had 4 people round this weekend 3 offers to rent and one family who want to rent it even though they haven’t seen it so there is definatley a demand . Having heard about these section 21 amendments I am now nervous. While happy to rent it out for a year I am at the start of a divorce which could see us needing to sell this property in a years time. I will now have to clarify exactly what if any are the implications to us in relation to this before renting . With the alternative being we leave the property empty until we agree divorce and sell or I move back in to a house which is now too big for me for a year.
So we may find thes new amendments reduce potential rental properties available

Cherrysoup - I don't know. It was the first time I'd had one. I just signed on for another 12 months AST

But you don’t want to be homeless Tween so why should renters? Are you planning on telling the family who are going to be paying your mortgage what your plans are before they move in?

It wont help. It will make deposits larger, rental housing less accessible and flexible for both parties and will drive more blackmarket landlords without tennancy agreements. It also wont drive more people to buy. It will drive up housing lists. Most people who rent do so because they have no other choice. This will remove the choice from the poorer of society. Will demand higher incomes and proven incomes and affordability/credot checks. Though I am concerned that may be why it's even been introduced.

I was planning on giving them a 1 year contract which I will honour Same as my previous tenants who I am letting leave earlier than a year as they have bought a place. And for the record these tenants didn’t disclose to me they were looking at buying when they rented from me and could be trying to leave early so it works both ways!

Those thinking that this means more.demand on rental properties aren't considering the whole picture. There are still the same amount of properties and people. Surely all it will mean is more available on the buying market and therefore lower house prices, so those who might just have been priced out of buying before would now be eligible for a mortgage, therefore there will be fewer rentals. In theory, anyway - I expect the truth won't be quite as simple as that!

Removing a rental property from the market will inevitably create a shortage

Why does this myth get repeated ad nauseum?

If a property is removed from the market it is either sold to a first time buyer (in which case one less tenant needing a home) or sold to another landlord. No loss in stock. Properties don't disappear in a puff of smoke when a landlord sells. It always astonishes me that people don't understand this!

How many "accidental" landlords don't realise they actually have to declare and pay tax on the rent to HMRC. So many just seem to think it's free money and the tenant should be honoured to be paying them to live in "their" home .

Just to reiterate, RENT IS INCOME. You need to declare it and pay tax if it takes your income above a certain amount!

So you’re going to say 1 year max?

So many landlords don’t say when a rental is for a short fixed time. It’s not ok. If people knew they wouldn’t bother as most want stability for their kids. Landlords know this so keep it quiet, that is not ok.

It wont help. It will make deposits larger

Nope. From the 1st June a new law is coming in which will cap deposits. The Tories seem to be really gunning for landlords. About bloody time. Well, it's them or Corbyn so landlords should probably be thankful it's the Tories doing this;

www.moneysavingexpert.com/news/2019/01/letting-fees-to-be-banned-from-june/

hummusexual
The number of households in England is projected to grow to an average of 159,000 additional households per year.
Household projections in England - Office for National Statistics
www.ons.gov.uk/.../2016basedhouseholdprojectionsinengland/2016basedhouseh...
I imagine there are lots of BOMAD FTB still living at home who will be buying these houses. Where are the low income, displaced tenants going to live?

Hummusexual . I think a possible issue is depending on the legislation it may remove short term landlords . I am an old expat who is now going through a divorce we have rented our family house out for a number of years while overseas but the vagueness of contracts over there meant we could only ever commit to yearly contracts as we were never sure when we would need the property back . As it was when we did come back we couldn’t get in the property for 4 months as it was still under its 1 year contract with no break clause which is fine it is what it is and we could wait. However if the legislation makes it too difficult for landlords to get their properties back they just will leave them empty (if they can afford it). Which is my dilemma as I may need to sell in a year. I see from the guardian article they are going to legislate for landlords to get back their properties if they need to move in or sell but it didn’t say what’s the timeframe, cost or specifics were

Think they must realise they’ve got an imminent housing crisis on their hands. Kids continuously disrupted and families in shitty housing lining landlords pockets who often forget to pay tax is no good for the economy, the NHS or the education. sector. Kids go back 6 months every time they move.

I wonder if they’d be penalised if they didn’t sell and just used selling as an excuse to bump up rent.

Let’s hope so.

And WalkingDead back there epitomises just why the law needs tightening up. What a grasping shallow attitude to other people.

Yes love... sell up and do renters the favour of not having to rent from someone like you.