Only 1-in-20 tenants knows much about Renters Reform Bill – survey

Only 1-in-20 tenants knows much about Renters Reform Bill – survey


Todays other news
Today's 4% of estates hit by IHT is expected to...
Recent figures are similar to the previous quarter but far...
Completions are going well but the pipeline is tumbling...
The outbuilding was constructed to hold possessions of tenants...
The products are for landlords and are two- and five-year....


Despite a plethora of press releases and statements from pro-tenant groups, it appears only one-in-20 renters knows details of the Renters Reform Bill.

And almost half of all tenants have never even heard of the legislation.

A survey of tenants has been conducted by the Leaders Romans Group, which includes lettings agency brands Acorn, Gibbs Gillespie, Hose Rhodes Dickson, John Payne, Langford Russell, Leaders, Northfields, Portico, Romans and Scott Fraser. 

Surveyed on their understanding of the Bill, 46% of tenants had never even heard of it; 36% say they knew a little about it; only 4% say they knew a lot about it.

LRG – which has consistently emphasised that landlords are not as threatened by the Bill as some industry figures suggest – says a recent survey of landlords shows that their main concerns are not the Bill but are instead high mortgage rates, the cost of bureaucracy and regulations, increased taxes, the cost of overheads such as service charges and maintenance costs, and VAT on contractors’ fees. 

LRG says its survey shows that landlords are calling for measures to enforce tenant financial responsibility. 

“Notably, 70% of landlords support the initiative to link tenant arrears to credit ratings, emphasising its potential to deter late payments … 45% of landlords agree that a tenant register should be introduced, whereby those who have previously been in arrears or have caused damage to a property are identified.”

LRG says responses to its survey of landlords over Section 21 reveals a divided sentiment, with 42% emphasising its importance for maintaining management flexibility. The agency says landlords were keen to stress that the minority of ‘rogue landlords’ had resulted in a ‘bad press’ and that ‘good’ landlords had nothing to fear from the proposed changes.  

Alison Thompson, national lettings managing director at LRG, says: “With 70% of landlords calling for tenant arrears to impact credit ratings and 61% pushing for streamlined legal proceedings, there’s a clear mandate for reform that addresses landlords’ concerns while fostering a fair housing market. As discussions around the Renters Reform Bill continue, LRG remains steadfast in its commitment to championing legislative changes that recognise the challenges landlords face, advocating for a rental market that is equitable, sustainable, and responsive to the needs of all stakeholders involved.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Right to Buy has become far less popular already, the...
Propertymark, a PropTech provider and a lettings agency have joined...
The MP has put forward an amendment to the Renters...
There's been "an unprecedented response" claims a financial adviser...
The tenant was in hospital when he was evicted illegally...
The controversial proposal is backed by the Welsh Government...
A mortgage chief is warning that thousands of buy to...
Recommended for you
Latest Features
A long term rise in the number of young people...
The claim comes from property comparison service Compare My Move...
Some 60% of the UK housing stock needs improved energy...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here