Labour ‘failing’ renters: Brits work for 133 days to pay landlords Property Today’s the day when Brits will finally stop working just to pay their landlords and start earning money for their own pockets, with 14 May the point in the year when the average tenant has brought in enough income to pay for a year’s accommodation. Known as the “cost of rent day”, it now arrives [...]
Renters’ rights act enters law amid warnings of landlord exodus Property The renters’ rights act came into force on Friday, amid warnings that private landlords have rushed to exit the rental market to avoid the new powers for tenants. The new law bans no-fault evictions and abolishes fixed-term contracts, with other elements including decent homes standards and a rental ombudsman still yet to be implemented. Law [...]
Renters’ Rights Act: How are property investors and firms adapting their strategy? AD Established property investors and larger firms continue to commit to the property market. The Renters’ Rights Act marks a significant shift in the UK housing market, introducing tighter regulation aimed at improving tenant security and raising standards across the private rented sector. With measures such as the abolition of fixed-term tenancies and increased compliance requirements, [...]