Section 21 Abolition: What Does This Mean for Landlords?
The abolition of Section 21 is a major change for the private rental sector in England and Wales. Section 21 is a law that allows landlords to evict tenants without giving a reason, as long as they give two months' notice. This means that landlords will no longer be able to evict tenants simply because they want to sell the property or move in themselves.
This change is likely to have a significant impact on landlords. Some landlords may choose to sell their properties, as they will no longer be able to rely on Section 21 to evict tenants if they want to move out. This could lead to an increase in the supply of rental properties on the market, which could put downward pressure on rents.
Other landlords may choose to stay in the rental market, but they may become more selective about who they rent to. Landlords may be less willing to rent to tenants who they think may be difficult to evict, such as tenants with bad credit histories or tenants who are on benefits. This could make it more difficult for some people to find a place to rent.
The abolition of Section 21 is a positive step for tenants, as it will give them more security of tenure. However, it is important to remember that this change will also have an impact on landlords. Landlords will need to be more careful about who they rent to and how they manage their properties.
Here are some tips for landlords who are affected by the abolition of Section 21:
Be selective about who you rent to. Consider factors such as credit history, employment status, and references.
Manage your properties well. Keep the property in good condition and respond to tenant requests promptly.
Be fair and reasonable with your tenants. This will help to build a good relationship and make it less likely that you will have to evict them in the future.
The abolition of Section 21 is a significant change for the private rental sector. Landlords will need to adapt to these changes in order to continue to be successful.