Updating post from Reddit.
Mine is the introduction of Open-Ended Tenancies, which will see the Assured Shorthold Tenancies being replaced with periodic tenancies, offering greater stability for tenants.
Significantly harder to evict given the abolishment of S21.
Anyone got any updates about the EPC situation? This is the one most likely to cause major disruption and costs.
The whole system is going to be reviewed and probably changed to one based more on carbon emissions than cost (at the moment electric heating is usually considered less efficient than gas because it is much more expensive to run, but in carbon terms it is better). And then there will be minimum standards under the new system for rented property but the last I heard was that they wouldn’t come in until 2028 at the earliest so it’s really too early to know what you might need to do to make your property compliant.
Thanks for that, really appreciated. Yes, the date is in line with what I've heard but I didn't know about the latter part.
Will this be retrospective ? Or just apply to new tenancies? Or don’t we know yet?
If you have a fixed term AST now, it'll become a periodic assured tenancy when it all comes into force
Some one way some the other.
S21 is gone either way.
If you own property currently let under an AST and the reforms are news to you, you have been living under a rock.
Is it coming? I don't think it is needed to be worried until it becomes a law.
I’d say that to the EPC thing but not the RRB. LLs didn’t fight to not have it in place now it’s too late.
it is still second reading. Maybe it will be there forever.
S21 hasn't been abolished just yet, but this is the big one for 2025
Mine if the open ended tenancies. I am not longer limited by fixed term agreements and can ask tenants to leave with two months notice.
Gives me more flexibility as I manage my portfolio.
Additionally, rents no longer get the fixed term discount.
You never were, you could have had a periodic agreement anyway. Rents still can’t be increased more than once a year. And you get less flexibility because you lose section 21 so no more non fault evictions.
This is quite misinformed
You should do some more research into eviction grounds
Currently I can’t end the tenancy until the end of a fixed term for any reason. That’s stability.
In the future I will be able to evict, move in, sell, redevelop with two months notice.
It’s entirely correct.
There are more landlords wanting to evict on the whim of redevelopment than landlords evicting for revenge evictions.
Nope
Yeah this isn’t true it will be 4 months and not within the first 12 months of a tenant moving in
You can't evict for most reasons. Unless you're selling or moving in yourself.
Has this been confirmed? I believe the current section 8 doesn't allow eviction to sell the house or to move in the property yourself unless this possibility was communicated to the tenants ahead of time.
You can ask, and they will respond with "what are your grounds".
You then realise that there might *never* be a reason to remove them.
The kicker is this is being brought in to "protect tenants" and really, rents are just going to increase.
The well heeled tenants will be well protected, everyone else will be roughing it.