Two of the UK’s biggest trade organisation representing the private rental sector have revealed their concerns over the big political parties’ electoral promises to crack down against landlords.
The NRLA has stepped in to help fight a legal battle over whether it is acceptable for vital rental documents to be served by post.
Labour is likely to reintroduce the Renters (Reform) Bill in a similar form if it wins the election and has already confirmed its view that the court process needs speeding up.
A report published today attempts to counter the ‘anti-landlord’ rhetoric that has gathered pace in the UK recently by revealing that the private rented sector supports some 390,000 jobs and makes a £45 billion contribution to its economy.
The Renters (Reform) Bill has been abandoned and must now go back to the drawing board after years of uncertainty and political wrangling.
Landlords are likely to be targeted heavily by political parties as new research shows most remain undecided following Rishi Sunak’s decision to go for a July 4th General Election.
As Peers prepare to debate the Government’s Renters (Reform) Bill today, the NRLA has warned that landlords exiting the sector are the ‘biggest threat’ to renters as supply narrows and rents continue to rise rapidly.
