New Human Habitation Bill will further strengthen reputation of rental sector
- 1st May 2018
- Landlord Property News
Measures will ensure continued high standards and help promote benefits of long-term tenancies
Is the new Human Habitation Bill just another example of red tape for landlords or a positive step forward for ensuring continued high standards in the private rental sector? In our view, it’s definitely the latter and something that professional, reputable landlords will want to cheer.
The new rules create a new duty on all residential landlords to ensure that properties are fit for human habitation for the full duration of the tenancy. Although previous regulations contained similar requirements in terms of maintenance and repair, they only applied to tenancies falling below a very low (and outdated) rent ceiling.
With long-term tenancies increasingly desirable to give security to both landlords and tenants, these measures should help further promote the benefits of such arrangements.
It should also ensure the continued positive reputation of a sector where the overwhelming majority of landlords are committed to providing good quality accommodation.
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Stephen Ludlow, Chairman at ludlowthompson, says: “Professional landlords will welcome these measures; the vast majority will already ensure their properties meet and often exceed the new higher standards.”
“While the emphasis is clearly on improving the quality of rental provision for tenants, landlords can also benefit from higher standards in the industry by ensuring continued public and Government confidence in the sector. The new rules should also help give more momentum to the trend towards longer-term tenancies and even positively impact overall returns.”
Data provided by the Government to ludlowthompson shows landlords claimed £3.7 billion for property repairs and maintenance alone in the latest year for which there is data.
Stephen Ludlow continues: "Many improvements landlords wish to make are tax deductible, so it's a win-win across the board for tenants and landlords."
Here is a selection of recent reviews of ludlowthompson from landlord customers on the allAgents website:
“Having recently bought an investment property in the area, I was unsure who to go with since there are so many agents in the area. Jonathan was knowledgeable and professional throughout the whole process and found me a great tenant.” – Peter, Acton
“From selling numerous properties in other areas of the country I can honestly state that the level of service and proactive approach from Kirsty was far better than I've ever received from any other agent. Addressing issues in the property prior to valuation to ensure the sales process runs smoothly was greatly appreciated.” – Ricky, Oval
Professional landlords will welcome these measures; the vast majority will already ensure their properties meet and often exceed the new higher standards
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