Lettings

There was a lot of fanfare after the Renters’ Reform Bill got its first reading in Parliament earlier in May but despite the publicity, there is a long way to go before the Bill becomes law. We’ve outlined what happens next and when we may expect the law to change.

Landlords and letting agents alike were waiting for the publication of the Renters’ Reform Bill in May but due to something described as ‘procedural issues’, the move has been delayed.

Despite the image of tenants being flighty characters who move home every six months, renters are living in the same place for increasingly extended periods of time. Rightmove research among nearly 1,300 landlords in 2022 found the most common length of a private tenancy is over two years, with a fifth (18%) of landlords saying their average length of tenancy has increased over time.