{"id":26628,"date":"2024-07-01T09:00:28","date_gmt":"2024-07-01T08:00:28","guid":{"rendered":"https:\/\/barnesroffe.com\/?p=26628"},"modified":"2024-06-21T14:16:59","modified_gmt":"2024-06-21T13:16:59","slug":"uncertainty-for-landlords","status":"publish","type":"post","link":"https:\/\/barnesroffe.com\/blog\/uncertainty-for-landlords\/","title":{"rendered":"Uncertainty for landlords"},"content":{"rendered":"

Despite support from the Labour Party, <\/strong>the Renters (Reform) Bill was not enacted before <\/strong>parliament was prorogued ahead of the general election. The Leasehold and Freehold Reform Act made it under the wire, but without the expected cap on ground rents.<\/strong><\/h2>\n

Rental reform <\/strong><\/h3>\n

The Renters (Reform) Bill would have seen the abolition of the controversial Section 21 notices, which enable landlords to take possession of a property without providing a reason. Tenants and homelessness charities expressed consternation at the failure to enact the provision.<\/p>\n

The Bill is likely to return in some form regardless of who wins the election. A Labour government might well abolish Section 21 notices for all tenancies straight away despite the readiness of the county court system to process possession orders.<\/p>\n

Leasehold reform<\/strong><\/h3>\n

There was no expectation of an immediate reduction of all ground rents to a peppercorn amount, but it was reported a month ago that a compromise would see ground rents initially capped at \u00a3250 annually. Although this measure was not included, the new Act may help landlords who own leasehold flats and apartments:<\/p>\n