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The Leasehold and Freehold Reform Act 2024 (LAFRA) was fast tracked through Parliament in May 2024, ahead of the last UK general election, but not all sections of the legislation have yet been brought into force. The reforms affect approximately 4.5 million leasehold homes in England and Wales, but are now being challenged by freeholders, who claim the provisions infringe their human rights.
The Welsh Government’s long-awaited evaluation of the licensing and registration body has been published, revealing both progress and persistent gaps in effectiveness – including a notable proportion of unregistered or unlicensed landlords. Propertymark welcomes this renewed scrutiny that aligns with our consistent call for increased transparency, more robust enforcement, and improvement of engagement with property professionals and tenants.
Propertymark works to ensure our members understand the full extent of their legal obligations, and for letting agents this includes tenancy deposit protection. The Siddeeq v Alaian court case highlighted concerns about how and when prescribed information must be served, and with the implementation of the Renters’ Rights Bill on the horizon, it’s a relevant reminder that agents must be precise and compliant when dealing with tenancy deposits in England and Wales.
The Welsh Government has confirmed it will not proceed with proposals that would have required landlords to pay tenants compensation when issuing a Section 173 possession notice. The decision follows extensive consultation and lobbying from Propertymark and other sector stakeholders, who welcomed the move as a win for common sense and fair reform.