What does the future hold for private landlords?

This week Andrew Jones and Matt Hudson from our Lettings Department attended the Residential Landlords Conference in Cardiff which was themed, ‘What does the future hold for Private Landlords’.

The event was hosted by the BBC Wales presenter Lucy Owen, and speaking on stage were representatives from Welsh Government, Rentsmart Wales and other industry professionals.

Top of the agenda was the Renting Homes (Wales) Act 2016 which is expected to come into force during 2020. This will overhaul the private rented sector in Wales and will introduce the concept of an occupation contract as opposed to a tenancy agreement.

A particularly controversial aspect is its equivalent to the current section 21 Notice.  Originally, the Welsh Government proposed removing altogether the landlord’s ability to serve notice and recover possession in a ‘no tenant fault’ scenario.  The Welsh Government is currently consulting on a 6 months’ notice period whereby a landlord can seek possession without the need for proving a tenant’s breach in contract. Additional grounds for seeking possession under a breach of contract are yet to be determined. 

Property compliance was also discussed along with the possible introduction of a property MOT style system to ensure health and safety compliance inside the home. As a company, we have always emphasised on all certifications being current and available on all managed and new Let Only instructions.

Morris Marshall and Poole are committed to ensuring that all our staff are informed of current developments within the industry and the impact on our landlord clients and tenants alike with regards to any changes to regulations.

 

By Andrew Jones MARLA