The government proposed a sweeping set of reforms for the private rented sector in England with its Renters' Reform Bill back in 2019, including abolishing Section 21, making changes to Section 8, and introducing "lifetime deposits". Will the State Opening of Parliament on May 11 move things forwards? Here's a reminder of what's on the horizon.
Hamilton Fraser's Paul Shamplina and Goodlord's Director of Insurance Oli Sherlock share their top tips for making sure landlords choose your fully managed service.
Letting and property agents in England must belong to a client money protection scheme by 1 April 2021, when the two-year grace period comes to an end.
The furlough scheme, self-employment support scheme, and stamp duty holiday have all been extended until the end of September 2021.
From Electrical Safety Standards through to right to rent changes as a result of Brexit - in addition to the continuing impact of Covid-19 - it's going to be another busy year and landlords are going to need letting agents' guidance more than ever when it comes to compliance.
The proposals include requiring social landlords to ensure at least one smoke alarm is installed on each storey of buildings; requiring carbon monoxide alarms to be fitted alongside the installation of fixed combustion appliances; and requiring private and social landlords to install carbon monoxide alarms in any room where a fixed combustion appliance is used.
Local authorities will have greater powers to enforce compliance on businesses operating in an unsafe way, including financial penalties, when England returns to tiered restrictions on 2 December 2020.
Julie Ford founded a property network to help new landlords become great ones - but she still believes that all landlords should use a letting agent.
Lettings legislation unrelated to Covid-19 has still been passing during the pandemic, says Tim Frome, Landlord Action’s Legal Director, and letting agents and landlords need to keep abreast of changes to Electrical Safety Standards Regulations, right to rent, and Section 21.
The Coronavirus Job Retention Scheme has been extended until 30 April 2021, as restrictions increase throughout the UK.