As the Renters’ Rights Bill moves closer to Royal Assent, property investment company Sourced has welcomed the reforms as a long-overdue rebalancing of the lettings market, arguing that the legislation will reward professionalism and long-term stability over short-term profit.
The Bill, which will replace fixed-term assured tenancies with periodic agreements and abolish Section 21 ‘no-fault’ evictions, has faced resistance from some parts of the private rented sector.
Recent figures from the Deposit Protection Service show that 91% of landlords surveyed expressed concern about its impact.
However, Sourced maintains that the legislation represents a necessary correction rather than a disruption, aligning the market more closely with modern expectations of fairness and service quality.
IMPROVE MARKET PERFORMANCE
The company says that reforms encouraging longer tenancies and tenant security will ultimately improve market performance.
In Sourced’s view, tenants who feel stable and supported are more likely to stay longer, pay consistently, and take better care of their homes – outcomes that support profitability and sustainability in the long term.
Stephen Moss (main picture), Chief Executive and Founder of Sourced, says the business has been calling for reforms like these for years.
“We strongly believe that the Renters’ Rights Bill represents the type of professionalisation the industry should have embraced long ago,” he says. “This legislation is not a threat to good landlords or agents – it’s an opportunity to raise standards, drive out rogue operators, and strengthen the sector for the future.”
LONG-TERM RELATIONSHIPS
Moss adds that the move to periodic tenancies aligns closely with Sourced’s own model of creating long-term relationships between landlords and tenants.
He says: “Good tenants who feel secure in their home stay longer, pay reliably, and are more likely to maintain their accommodation. That kind of market stability is always more profitable than uncertainty.”
On the abolition of Section 21, Moss says the change will expose landlords who rely on poor standards and eviction threats to manage tenants.
“Professional landlords have rarely needed Section 21. Tenants who are treated fairly and live in well-managed homes are far less likely to create problems. This reform makes quality service and thorough vetting essential – not optional – and that’s good news for the entire industry.”
VINDICATED APPROACH
Sarah Byrne, Sourced Living’s Brand Manager, adds that the Bill has validated the company’s longstanding people-first approach.
She says: “Stability and fairness aren’t just good ethics; they’re good business. For too long, the industry has rewarded speed over service. The Renters’ Rights Bill levels the playing field and ensures that quality agents who invest in standards and relationships are finally recognised.”
The company believes the legislation will create a more professional, accountable, and sustainable private rented sector – one where agents and landlords committed to quality will thrive.
