Nearly 40% of landlords are unprepared for Renters’ Rights Bill impact

There appears to be a serious lack of understanding among self-managing landlords about the impact of the Renters’ Rights Bill which will usher in the biggest change to the PRS in 30 years.

The Bill includes measures like banning Section 21 ‘no-fault’ evictions, moving to periodic tenancies and empowering tenants to contest unfair rent rises.

Now, a survey by LSL Estate Agency Franchising highlights a concerning knowledge gap for 37% of landlords.

It found that 27% of DIY landlords believe the Bill will have a minimal impact on their lettings, while 10% expect no effect at all.

Also, 25% confess they lack sufficient information to gauge its consequences with the Bill set to become law this autumn.

Landlords need to prepare

The firm’s lettings compliance director, Valerie Bannister, said: “It’s not surprising that many Landlords aren’t fully engaged with the changes yet, especially since they are still some months ahead and may still change.

“However, there is a high level of preparation that can be done now, so that the impact is less overwhelming when it happens, because the legislation will require landlords to adapt quickly – on some matters, overnight – to new legal obligations.”

She added: “Lettings agents and industry experts will be more vital than ever in guiding landlords through this complex new landscape.

“If agents communicate openly with landlord clients, they can help dispel myths and reassure them that when the new rules come into effect, their properties will be in safe hands.”

Issues for landlords

LSL points to the shift to periodic assured tenancies which will automatically apply Section 13 to all lettings.

That could, potentially, burden landlords with increased administrative tasks or legal risks if unprepared.

Since most rental properties are managed directly by landlords, this knowledge gap could lead to widespread challenges, the firm says.

LSL is now stepping up to bridge this divide, offering franchise partners resources to support landlords through webinars.

There are also planned local events with industry experts, and a detailed guide to the Renters’ Rights Bill.

The organisation will offer regular updates via social media, websites, and newsletters to keep landlords informed.