House of Lords Renters’ Rights Bill amendments rejected – industry responds
Original Article Summary
The House of Lords has relented in its attempts to modify the Renters’ Rights Bill, including with an amendment that would have allowed landlords to charge a deposit when renting to tenants with pets. The deposit would have covered three weeks of rent, and came after the government dropped the idea of mandating pet insurance […] The post House of Lords Renters’ Rights Bill amendments rejected – industry responds appeared first on PropertyWire.
PropMatch Curated Analysis
The House of Lords has abandoned attempts to modify the Renters' Rights Bill, rejecting amendments for pet deposits, extended student possession grounds, and reduced selling possession timelines. The bill now moves toward Royal Assent with industry warning of potential supply reduction if combined with further tax increases.
Investor Relevance
Critical for all landlords as it confirms the final regulatory framework they'll operate under, affecting deposit structures, possession procedures, and exit strategies. Industry warns of supply reduction risk if combined with tax increases in the upcoming Budget.
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