As the Renters’ Rights Bill makes its way through Parliament, some landlords are growing anxious about potential restrictions on their ability to sell properties.
A common misconception is that the new legislation might prevent landlords from ending tenancies when they wish to sell. However, this concern is unfounded.
The Renters’ Rights Bill aims to enhance tenants’ rights and provide more stability in the rental market. While it does propose significant changes, such as abolishing ‘no-fault’ evictions under Section 21, it does not intend to block landlords who genuinely wish to sell their properties.
Under the current proposals, landlords will still have the right to regain possession of their property for sale. This will be facilitated through a revised Section 8 of the Housing Act 1988, which allows for possession under specific grounds. The government has indicated that selling a property will remain a valid reason for ending a tenancy, albeit with appropriate notice given to tenants – and this is widely expected to increase to four months from two months. The proposed Bill also gives tenants the benefit of a twelve-month protected period from the beginning of the Tenancy.
It’s important to note that the exact details of the Bill are still being finalised, and the legislative process may bring further amendments. However, the core principle of allowing landlords to sell their properties remains intact. As always, making informed decisions based on accurate information and professional advice is key in navigating the evolving regulatory landscape.
Speak to our experts about the Renters’ Rights Bill
At Cluttons, we are the UK’s first true real assets advisory business and have the insight and expertise to help you navigate through uncertain times. Whether your aim is to expand or consolidate your portfolio, we will provide objective, strategic guidance on how best to achieve your goals.
If you would like to know more about the Renters’ Rights Bill and how it may affect your rental strategy, please get in touch with our experts using the information below. We would also be able to provide a free, no-obligation joint sales & rental market appraisal of your property. If you’re looking for a professional valuation, please contact Einar Roberts.
Christopher Morris
Partner – Head of London lettings
Head office
T +44 (0) 20 7354 6666 Email Christopher
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Christopher Morris
Partner – Head of London lettings
Head office
T +44 (0) 20 7354 6666 Email Christopher
