The Renters’ Rights Act has fundamentally changed the balance of responsibilities in the private rented sector, with landlords facing a significantly greater compliance burden under the new regime, according to insurer Everywhen.
While much of the attention surrounding the legislation has focused on enhanced tenant rights, the insurance specialist says property owners must now navigate a wider range of legal obligations, from providing mandatory information to tenants through to stricter safety, maintenance and property management requirements.
Since the Act came into force on 1 May, landlords have been required to provide tenants with the official Renters’ Rights Act Information Sheet, maintain homes to a safe and habitable standard, comply with tougher electrical and gas safety rules, respond more quickly to issues such as damp and mould, and follow revised rules covering rent increases and property advertising.
The reforms also ended Section 21 ‘no-fault’ evictions, meaning landlords must now rely on statutory grounds when seeking possession of a property, while blanket bans on pets are no longer permitted.
TENANT RESPONSIBILITIES
However, Everywhen said the legislation does not remove tenant responsibilities. Renters remain responsible for paying rent on time, looking after the property, reporting maintenance issues promptly, avoiding anti-social behaviour and giving the correct notice when ending a tenancy.
Phil Morris (main picture, inset), property insurance expert and Head of Business Unit at Everywhen, says: “The Renters’ Rights Act represents one of the most significant changes the private rented sector has seen in decades. While much of the attention has understandably centred on new tenant rights, it’s equally important that landlords understand how their own responsibilities have evolved.
“The legislation creates a clearer framework for both parties.”
“The legislation creates a clearer framework for both parties, but it also raises the stakes when it comes to compliance. Landlords who stay informed, maintain their properties proactively and understand where their legal obligations lie will be in a much stronger position to avoid disputes, minimise claims and protect their investment.
“Equally, tenants continue to play an important role. Looking after the property, reporting issues early and meeting the responsibilities set out in the tenancy agreement all contribute to better outcomes for everyone involved. The most successful tenancies are built on both sides understanding their responsibilities from day one.”
