A property expert is advising landlords to use a good lettings agent once the Renters Rights Bill becomes law.
The Bill is currently making rapid progress through the House of Commons and is expected to become law in the spring.
Danielle Nash, managing director at Best Estate Agent Guide, says: “Once the Renters Rights Bill is in effect, it will be more important than ever for landlords to use an agent they can trust.
“As a result of the volume of changes, including all tenancy agreements needing to be updated and reissued, it will be very difficult to stay compliant with the legislation without the support of a knowledgeable and experienced letting agent.
“Landlords not following the new rules could face penalties of up to £40,000 for major offences and repeat non-compliance.
“Using a qualified letting agent to manage your asset is imperative to avoid this and ensure you are as up-to-date as possible once the Bill is passed.”
The government says that the speed at which it has progressed the Bill so far, since it was introduced to the House of Commons on September 11, demonstrates its commitment to getting the legislation in the statute book as soon as possible.
The previous Tory government stood on a manifesto to end Section 21 and enhance renters’ rights in 2019. The Renters (Reform) Bill was introduced in May 2023 but its progress stalled due to concerns about its impact on landlords and the courts.
This article is taken from Landlord Today