Idk why everyone's being pedantic AF here, 'read the link.' 'want spoon feeding.' People post on forums to get actual viewpoints. You often miss context when reading legalise, you don't get experienced people's viewpoints - I read a lot about housing and housing law and I can tell you, the way these things are written is very much open to interpretation and misunderstanding.
Seriously, if you're not here to give advice, GET OFF INTERNET FORUMS.
OP, your tenancy will 'dissolve.' You will be able to give notice of 2 months at any point in time. Doesn't matter if you signed up for 12 mths. It will be a periodic tenancy instead of a Standard Assured Shorthold Tenancy Agreement; periodic means it runs month to month.
But - you don't lose rights, you gain them. However, LLs will have accellarated powers to evict more speedily for matters such as unpaid rent and creating anti social behaviour for neighbours. Agreeing to those things is how it managed to get this far in the first place.
Your LL has to give you FOUR months notice that they want to sell.
Your lease will not exist in its current form.
If you decide you want to leave, there's currently a circa 8 month backlog in the courts, fyi.
This WILL become law, I estimate it will be put in place in Dec/January.
Your landlord will have to issue a notice that they want to increase the rent - but there's a really big change. Previously, if a tenant took a LL to a fair rent tribunal and the LL won, the tenant was forced to not only suck up the rent increase but also back pay that increase. That will no longer exist. Tenants do not have to back pay rent increase.
I highly recommend The Independent Landlord blog and videos for up to date information on it. Watch some of her videos, it's reasonably easy for the layman to understand. She updates whenever there is progress.
It was meant to become law in October, but it had two or three readings in the House of Lords before the summer recess and didn't pass the necessary hoops, so they're starting again in September.
The September part is belt and braces. Nothing is going to stop Labour from implementing this.
The Lords may seem fancy and powerful but they are only allowed to make recommendations and they have no power to insist that objectionable points be changed. The labour MPs will simply veto them.
This has been a 4-5 year long process that started with the Tories, now we have a left wing government who are determined to ensure that tenants aren't repeatedly effed over and have rights (45% of tenants who complain about repairs get evicted), so, it WILL happen.
Section 21 notices are banned. Nobody can evict you because they don't like the cut of your jib, or that you kick off when your boiler isn't working for 2 months in winter.
LLs who sell up won't be allowed to re-market the property as a rental for a period if they are unsuccessful in selling it. I think it's something like 4, 6 months after an unsuccessful sale. I have not read anything about how they intend to monitor or enforce this.
That's an incentive to price correctly in the first place if ever I heard one.
I personally think Labour want to push house prices down. Which, is very much needed.
Finally, the sales market in most places is really bad. Unless your rental is swanky and maintained to an excellent standard and your LL prices it really fairly, it ain't going anywhere any time soon.
Any other questions, tag me or PM me.