The only landlords disadvantaged by this will be the ones that were planning to dump out their tenant sooner to get a new tenant in at a significantly higher rent and relying on ignorance of their rights and the old rent to get away with it.
For any other landlord why wouldn’t they be happy that their unit continues to be rented by someone who intends to stay long term and is therefore more likely to take care of it as if it’s their own home?
“Already, a tide of regulatory and taxation burdens means that an increasing number of landlords are selling out, which means that rental stock is shifting to owner-occupier stock. Good news for homebuyers, but not so much for renters.”
Any of my friends who ended up as “accidental” landlords are selling their properties.
While rights of tenants are clearly paramount driving landlords out of the market has major knock on effects particularly with the amount of property available to rent.
After 6 months landlords will still be able to evict tenants for the following reasons:
breach of obligation by the tenant;
failure by the tenant to pay rent;
the dwelling is no longer suitable;
the landlord intends to sell the property;
the landlord wants the property for a family member; the landlord intends to substantially refurbish or renovate the property;
or the landlord intends to change its use.
I don’t think that landlords should be afraid of this legislation as it seems perfectly reasonable. Why would it drive them out of the market?
4 comments
The only landlords disadvantaged by this will be the ones that were planning to dump out their tenant sooner to get a new tenant in at a significantly higher rent and relying on ignorance of their rights and the old rent to get away with it.
For any other landlord why wouldn’t they be happy that their unit continues to be rented by someone who intends to stay long term and is therefore more likely to take care of it as if it’s their own home?
“Already, a tide of regulatory and taxation burdens means that an increasing number of landlords are selling out, which means that rental stock is shifting to owner-occupier stock. Good news for homebuyers, but not so much for renters.”
Any of my friends who ended up as “accidental” landlords are selling their properties.
While rights of tenants are clearly paramount driving landlords out of the market has major knock on effects particularly with the amount of property available to rent.
After 6 months landlords will still be able to evict tenants for the following reasons:
breach of obligation by the tenant;
failure by the tenant to pay rent;
the dwelling is no longer suitable;
the landlord intends to sell the property;
the landlord wants the property for a family member; the landlord intends to substantially refurbish or renovate the property;
or the landlord intends to change its use.
I don’t think that landlords should be afraid of this legislation as it seems perfectly reasonable. Why would it drive them out of the market?