May
17

Tenant Fees Act 2019 – Elephant trap for the unwary!

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Landlords be warned – From 1st June 2019 if you take a holding deposit (which must not exceed one week’s rent) ahead of a new letting, the Tenant Fees Act 2019 says it must be repaid if you go ahead with the tenancy agreement.

The post Tenant Fees Act 2019 – Elephant trap for the unwary! appeared first on Property118.

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May
17

Section 21 Possession Surveys for landlords

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Section 21: 

Both the main landlord associations, NLA and RLA have
recently put out surveys asking landlords for their opinions on the proposed
removal of the Section 21 no-fault eviction process ahead of the government’s
consultation process. Make sure you have your say – see below.

Landlords need to have their say as their opinions are an important
element in influencing the outcome of the two association’s efforts in lobbying
Government on this vital issue.

Last month the Government announced plans to abolish Section
21, which the landlords’ bodies believe will have severe negative implications
for private landlords. The National Landlords Association and the Residential Landlords’
Association are both campaigning to make the Government change its mind, but to
do this they will need to understand what private landlords think about Section
21, the experiences they have had, and the effects its removal may have.

So far more than 6,000 landlords have responded to the
Residential Landlord Association’s survey asking what a post-Section 21 private
rented sector should look like – a record response.

The survey went live just days after the government
announced plans to axe Section 21 repossessions – so-called ‘no fault’
evictions – last month.

The responses to the surveys will be used by the NLA and the
RLA as the basis for their response to the government’s formal consultation
when it is launched – date not yet announced.

The RLA argues that it is vital landlords are confident that
they can swiftly and easily repossess a property for legitimate reasons such as
rent arrears, anti-social behaviour and needing to sell the property.

The RLA says that number of people responding to its survey,
which closes next week, has already broken the association’s previous record.

David Smith, Policy Director for the RLA, said:

“The scale of responses to this important survey shows the
strength of feeling in the sector.

“The survey closes next Monday, and we would encourage all
those who want the opportunity to have their say and shape the future of the
sector to take the time to respond.�

  • There were 6,085 responses to the survey as of
    12 noon on Monday 13th May 2019. The RLA’s previous biggest
    highest response was to its longer-term tenancy survey in July/August 2018.
    This secured 4,970 responses.
  • The Residential Landlords Association represents
    the interests of landlords in the private rented sector across England and
    Wales.

The RLA’s survey can be accessed here:

https://tinyurl.com/y2hhxdhf

The NLA’s survey can be accessed here:

Section 21 – NLA Member Survey May 2019

The NLA are also running a postcard campaign to show the
Prime Minister directly the impact this will have on the market. It takes less
than two minutes to add your support to the campaign to #SaveSection21 –
details can be found here

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