Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Concerns Raised Over Small Landlords Leaving the PRS
A recent report by Property118 questions whether small landlords are being pushed out of the private rented sector (PRS). The article highlights concerns about the impact of the Renters’ (Reform) Bill and the removal of Section 21 ‘no-fault’ evictions.
The report notes that the progression of the Renters’ (Reform) Bill has led to worries about the balance of control between landlords and tenants. It specifically mentions that the removal of Section 21 was a significant point of contention, with some arguing that it was used as a reason for quick possession rather than addressing genuine ‘no-fault’ situations.
For UK letting agents and inventory clerks, these developments may signal changes in landlord participation within the PRS. The article raises the question of whether these legislative changes are contributing to a reduction in the number of small landlords.
Source: Property118