With the Renters’ Rights Bill moving swiftly towards Royal Assent, Valerie Bannister, Lettings Technical Director at LSL Estate Agency Franchising, is urging letting agents to ensure they are fully prepared for the imminent legislative changes.
Describing the reforms as the most significant shake-up of the private rented sector in decades, Bannister – who brings over 40 years of industry experience – stressed the need for agents to act now to review their processes, adapt to new requirements, and communicate clearly with landlords and tenants.
She said: “As the Renter’s Rights Bill moves toward Royal Assent, it’s clear that we’re entering one of the most significant periods of change the private rented sector has seen in decades. The reforms are set to rebalance rights and responsibilities across the market – but they also demand that landlords and letting agents act now to prepare.
“My advice to agents and landlords is simple: Review, adapt and communicate – and begin these processes now if you haven’t already. Take the time to audit your portfolios, check compliance processes, and ensure documentation and procedures are fully up to date. The move toward periodic tenancies and the phasing out of Section 21 will fundamentally change how we manage lets, so understanding the practical implications early is vital.
“For landlords in particular, this is the time to strengthen relationships with tenants and agents. Open communication, proactive maintenance, and transparency will be key to navigating the new landscape successfully.”
The long-awaited Renters’ Rights Bill returned to the House of Lords for debate yesterday for the final stages of ‘ping pong’ on amendments, with many analysts expecting it to be passed into law within the next few weeks.
Members considered made by MPs in the Commons in regard to previous Lords amendments.
Subjects under consideration included:
+ pet damage deposits
+ exemption for shared ownership leaseholders
+ housing of agricultural land workers
+ repossession of properties.
“While the changes ahead will undoubtedly require adjustment, with preparation and the right support in place, both landlords and agents can continue to thrive under the new framework,” Bannister added. “The key is to stay informed and start planning now to reduce the financial risk, not when the Bill becomes law.”
