June 14, 2024 11:25 am

Insert Lead Generation
Nikka Sulton

The National Residential Landlords Association (NRLA) has announced its readiness to work with a future Labour government on reforms in the private rental sector. The NRLA has stated it is open to dialogue and collaboration to ensure that changes in rental regulations address both landlord and tenant concerns effectively.

Labour has recently committed to bringing back several significant elements from the Conservatives’ Renters Reform Bill, which was put on hold before the election. These elements include measures aimed at increasing tenant protections and potentially reshaping the dynamics between landlords and renters. 

The NRLA’s willingness to engage with Labour highlights a proactive approach towards adapting to potential regulatory changes. By collaborating, both parties hope to create a fairer and more balanced rental market that meets the needs of all stakeholders involved.

The Labour manifesto outlines a commitment to address issues within the private rented sector, proposing significant regulatory reforms. Specifically, Labour intends to “legislate where the Conservatives have failed” by overhauling the current regulations governing private rentals. A key element of their plan is to abolish Section 21 ‘no fault’ evictions. This change aims to protect tenants from being evicted without a valid reason, providing more security for renters.

In addition to eliminating Section 21 evictions, Labour promises to tackle the exploitation and discrimination faced by private renters. They plan to empower tenants with the ability to contest unfair rent increases, ensuring that rental prices remain reasonable and justifiable. Labour also aims to elevate the standards of rental properties by extending ‘Awaab’s Law’ to include the private rental sector, thereby enforcing stricter safety and quality measures.

Ben Beadle, chief executive of the National Residential Landlords Association (NRLA), responded to Labour’s proposals, stating, “All of the main parties are committed to ending Section 21. What matters is ensuring the replacement system works, and is fair, to both renters and responsible landlords.” Beadle emphasised the importance of creating a balanced framework that protects tenants while also considering the interests of landlords who adhere to responsible practices.

Labour’s manifesto indicates a clear focus on reforming the private rental market to provide greater protection and fairness for renters, while also addressing the longstanding issues that have affected the sector. As the party aims to implement these changes, the emphasis will be on developing a regulatory environment that promotes equity and accountability for all parties involved in the private rental market.

“Given this, we agree with the Shadow Housing Minister who has argued that landlords need robust grounds for possessions in legitimate circumstances, and they need the system to operate quickly when they do.’

“We stand ready to work constructively with a potential Labour Government to achieve this and ensure a smooth transition to the new system. This needs to include giving the sector time to properly prepare for it.”

The reference to the shadow minister refers to a comment made in April at the Report Stage of the Tories’ Renters Reform Bill when Labour’s Matthew Pennycook says: “Landlords need robust grounds for possessions in legitimate circumstances, and they need the system to operate quickly when they do.”

Other industry voices have weighed in on Sir Keir Starmer’s policies for a potential Labour government after July 4. 

Neil Cobbold, commercial director of Reapit | PayProp, comments: “It’s good to see Labour addressing the undersupply of properties, which contributes to high buying and renting costs. Building 1.5 million new homes for sale and social rent, reforming planning laws, and appointing 300 additional planning officers will help, but such construction will take time.”

Cobbold adds, “Support for abolishing Section 21 in Labour’s manifesto is expected. However, removing it without first reforming the court systems and establishing new grounds under Section 8 could worry landlords, potentially raising prices as properties are withdrawn. We await more details on Labour’s plans to ensure private rented sector properties meet minimum energy efficiency standards by 2030, including available financing options.”


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}