Renters’ Rights Bill – When Landlords Want to Sell
The Renters’ Rights Bill, which was introduced to Parliament on 11 September 2024, reached a critical milestone yesterday, on 4th February 2025, with its second reading in The House of Lords. The Bill aims to significantly reform the private rental sector in England. A key component of this legislation, and its flagship element, is the abolition of the so called “no fault evictions” under Section 21 of the Housing Act 1988, which currently allows landlords to evict tenants without providing a specific reason. Under the new bill, landlords will be required to provide a valid reason for eviction. However, there is so much more to the Bill than the abolition of Section 21, including the provision and mechanism for when Landlords wish to sell their asset. This is going to change the way in which Landlords approach a sale, how Estate Agents value landords’ properties and, how letting agents approach new instructions – let’s have a look at this aspect now.
