"The right balance for landlords and tenants is key, and I stand with the 53% of landlords who are optimistic about the future of the private rented sector"
- Arif Khalfe
Whilst parts of the Renters' Rights Bill may not be implemented until next year, there’s been much debate about the changes the Bill will enforce and even more so following its clearance from the committee stage in the House of Lords in April.
The Bill is expected to come into force late in 2025 and, as is well talked about, bring with it greater security for tenants and higher costs and more risk for landlords. The most recent amendment means landlords could foot the bill for costs to cover damage caused by tenants’ pets. Then there are talking points like the Decent Homes Standard, which already exists for social housing and which private landlords will need to comply with.
It’s yet to be agreed for the private rented sector, but it can only be a positive thing for good landlords who care about the welfare of tenants – it’s a benefit for the whole sector.
Being a landlord is about going the extra mile and being available to tenants; tenants stay with me for five or six years, and students have asked to stay with me even after graduating, which is something I’m very proud of.
And it’s because I care about the environment I provide – I think most landlords feel that way, and that’s what causes the passionate debate about the proposed Bill.
It boils down to motivation, and being a landlord is a position of responsibility, which means you’re ultimately responsible for providing a roof over someone’s head.
Encouragingly and amidst the additional costs and risk for landlords, I read research from the Landlord Leaders Community this year that found 53% of landlords are still optimistic about the future of the private rented sector, a number that’s risen from 46% over three years.
It’s an overhaul, but one which will provide greater security and stability for tenants as well as reduced risk of unfair rent increases.
The right balance for landlords and tenants is key, and I stand with the 53% of landlords who are optimistic about the future of the private rented sector.
My advice is to stay calm and stay in the loop. A good landlord is a good person with good intentions, and by being aware of the potential changes the Bill enforces, you’ll be in the best position to manage your portfolio and benefit tenants.
