Landlords could face annual costs of just £22 per property to implement the Renters’ Rights Bill – but ministers have admitted that some could still choose to walk away over tighter regulations.
Labour’s rent reforms are aiming to improve standards in the private rented sector and boost security by scrapping no-fault evictions. The legislation has almost completed its passage through the House of Commons and is expected to clear the Lords and make it into law by next summer.
The Renter’s Reform Coalition‘s policy and public affairs manager Lucy Tiller said tenants need greater protections from rising rents as part of the bill’s reforms.
“The government’s impact assessment for the Renters’ Rights Bill predicts the net core cost to landlords of just £12 per year per home. But rents are predicted to continue to skyrocket, with rent inflation set to dwarf predicted extra costs to landlords,” said Tiller.
“Renters need more protection from high rents – that’s why we’re calling for a limit on the amount a landlord could hike the rent on a sitting tenant, and for a National Rental Affordability Commission to fully assess potential solutions to the high cost of renting.”
