New electrical checks and safety standards for Landlords8:59 AM, 15th January 2020
About 3 days ago 70
In an article written by The Guild of Property Professionals on the 16th August (click here to view the article) concerning the proposed Section 21 ban, The Guild claim to have had confirmation from government that it will not be retrospective.
Iain McKenzie, CEO of The Guild of Property Professionals said: “What this means is that should the law come into place, it will not impact tenancies that are already in place at the time it is passed. So, landlords in these agreements will still be able to use Section 21 until the tenancy comes to an end. Any new agreement thereafter will then become an assured tenancy.”
The government consultation on the Section 21 ban is still open until the 12th October this year.
It is not clear if this has been confirmed yet by any other source.
The Guild also gave an indication on timescales for implementation saying: “If the decision is made by the Government to move forward with the proposed changes and they are passed into law, there will be a transitional period of six months before the law comes into full effect. So, if nothing else changes and this matter is prioritised, we could see it come into place either towards the end of next year or perhaps early in 2021.”
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