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Officials from the Ministry of Housing, Communities and Local Government (MHCLG) working on the Renters’ Rights Bill spent 90 minutes with member representatives from across the country listening to the specific concerns of members and their clients about the proposed legislation. Propertymark has launched a member toolkit to support members share their expert perspectives with their local MPs and encourage them to work with us to find real solutions to the housing crisis, plus resources to help facilitate positive conversations with landlords.
Officials from the Ministry of Housing, Communities and Local Government (MHCLG) spent 90 minutes with Propertymark Regional Executives to listen to the specific concerns of members’ and their client's about the proposed legislation. Strong challenges were expressed on the removal of fixed-term tenancies, with compelling evidence of the impact on tenants and landlords. Executives also made a clear case for more clarity on areas including reasonable grounds to refuse pets and the ability to take rent upfront.
The Renters’ Rights Bill is progressing through Parliament at pace, with the Second Reading of the legislation happening on 9 October, and Propertymark has launched a programme of support to help the sector prepare. Our recent webinar on the widely anticipated new law helped alert agents to why it will prove to be one of the biggest changes to the rental market in over three decades, and we have partnered with renowned legal expert Tessa Shepperson to provide training on the Bill and its implications.
Although the economic outlook remains mixed, the quarter ended with inflation in line with the Bank of England’s target, a precursor to a long-awaited reduction in the base rate. Our agents are bullish regarding capital values and rent levels in key sectors including the Industrial and Land and Yards sectors where demand continues to outstrip supply.