With a tidal wave of legislation change on the horizon there are more tough times ahead for the PRS landlord.
An already complex regulatory landscape, with more than 150 Acts of Parliament and 400 regulations affecting PRS landlords, the sector is now bracing itself for
- The letting agent fee ban
- Changes to mandatory HMO licensing and minimum bedroom sizes
- Extension of s21 changes to all tenancies
- The relentless march of local licensing schemes
- Agent regulation including compulsory Client Money Protection
- An increase in the Minimum Energy Efficiency Standards of rental homes
- Compulsory five-year electrical installation testing
- The further roll out of Universal Credit
- And, of course Brexit.
There is also the potential for further change, with the Government currently consulting on:
- The introduction of minimum three-year tenancies
- EPC changes and funding for energy efficiency measures
- Plans for a new housing court, along with Section 8 reform
This is alongside a suggestion the Autumn Budget will increase the level of stamp duty paid on buy-to-let homes yet again and that plans to abolish Section 21 could become a reality.
At the same time that the legislative landscape is changing, the relationship between landlord and tenant is also shifting.
Earlier in the summer consumer rights charity Which? published a report ‘Reform of the private rental sector: the consumer view’and – whatever your opinion – it is clear that the idea is something that is gaining traction.
The issue will be addressed in our panel discussion ‘Tenants in control? Consumer Protection in the PRS’.
Big names including Karen Buck MP, whose Homes (Fitness) For Human Habitation Bill is currently passing through Parliament will be on the panel, along with Property Ombudsman Katrine Sporle and other professionals from across the sector.
Other speakers at the event include property expert Kate Faulkner, who is set to share insider secrets that could make all the difference to your portfolio and Richard Tacagni of London Property Licensing, looking the the relentless march of local authority licensing.
Dr David Smith, partner at Anthony Gold Solicitors and RLA policy director will examine the impact the upcoming legal changes will have on you and your businesses.
The event, on September 13th, will be the RLA’s first in the capital and will be hosted by LBC legend Clive Bull, award-winning presenter of the Property Hour.
The one-day conference will be held at Imperial College London’s Kensington Campus and comes hot on the heels of successful events in Wales and Manchester.
Hundreds of landlords and property professionals have already attended RLA conferences – with excellent feedback on both the content and quality of those presenting.
In addition to the conference programme itself there will also be the opportunity to meet other landlords and agents, share your experiences and pick up advice, support and offers from a range of exhibitors, with lunch and refreshments included.
Indeed, Greater Manchester mayor Andy Burnham used the RLA’s last conference to exclusively announce his vision for the PRS – including controversial plans to buy up homes from rogue landlords to force them out of the region.
The conference welcomes anyone with an interest in private rented housing, from landlords with just one property, to those with larger portfolios, letting agency owners, local authority councillors and officers, journalists, and housing charities.
John Stewart, RLA policy manager said: “With so much change on the cards over the coming months and years the question landlords need to be asking is, can I really afford to miss this?
“There is no doubt it is a tough time to be a landlord – and it’s set to get tougher. The RLA’s Future Renting Conferences will help you when it comes to identifying potential issues ahead of changes taking place and help guide you in the right direction.”
For up-to-date information and tickets for both events visit https://www.rla.org.uk/future-renting