Bournecoast Property Agents is spearheading a call for the inclusion of fixed-term tenancies as a crucial component of the Renters (Reform) Bill to keep housing tenant friendly.
Des Simmons (main picture), Bournecoast’s Managing Director, wants to see a balanced approach that empowers both landlords and tenants to make informed choices that align with their individual needs.
Property Soup reported earlier this week how a group of 40 Conservative backbenchers have signed proposed amendments to the Renters (Reform) Bill, one of which would allow fixed term tenancies to be retained where there is ‘mutual agreement’ between tenant and landlord.
AMENDMENTS
The amendments were tabled by Conservative MP Anthony Mangnall and also include proposals to allow ‘hearsay’ evidence to be used in evictions over antisocial behaviour; delay the bill’s implementation indefinitely; require renters to live in a property for a minimum of six months before they can leave and abolish council licensing schemes intended to drive up standards.
Anthony Mangnall, MPSimmons says: “The Renters (Reform) Bill, a landmark piece of legislation aimed at addressing the challenges within the rental housing market, has the potential to reshape the landscape of tenancy agreements.
“While recognising the importance of providing security of tenure for tenants, we are emphasising the importance of offering flexibility through fixed-term tenancies when mutually agreed upon by both landlords and tenants.”
As well as tenant flexibility Simmons wants to see ‘landlord planning’ so they benefit from the predictability of fixed-term tenancies on necessary occasions. He also thinks fixed-term tenancies should only be permitted when both landlords and tenants mutually agree.
MIDDLE GROUND
Simmons adds: “Fixed-term tenancies provide a valuable middle ground that allows landlords to plan for the future and maintain a stable income stream, while affording tenants the flexibility to choose the duration of their stay when necessary.
“This approach encourages a positive and collaborative relationship between landlords and tenants, fostering a more stable rental market.”
