LANDLORD
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December 2024
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Monthly news for landlords brought to you by:
FULL OF ADVERSITY OR FANTASTIC OPPORTUNITIES? For everyone involved in the private rental sector (PRS), 2024 was the year of anxiety and apprehension. For two thirds of the year, stress and worry from both sides rose due to the unknown rather than the known. It was this continued ambiguity throughout the year that caused landlords’ and tenants’ behaviour to stutter, delay, postpone or be put on hold until further information was released and certainty was met. In the first half of 2024, the Conservative government’s Bill – Renters’ Reform Bill – began to get real traction and was a key piece of legislation which everyone acknowledged would shake up the PRS. During this Bill’s progression, landlords were understandably nervous and this affected their behaviour such as whether to sell
or stick, increase rent or not, or when to serve notice. As it made its way through the parliamentary process, further details unfolded which allowed for some reassurance. However, due to the snap general election called for July, the Bill did not pass before Parliament was dissolved. In October 2023, the Conservative government had said banning no fault evictions would only happen when “sufficient progress had been made to improve the courts”. Seemed sensible… Unfortunately, once the election was called and it became clear we were looking at an overwhelming Labour victory, it was clear from Labour’s manifesto
promise the
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