The goal of this legislation is to establish a more just and transparent rental market, safeguarding the rights of tenants.
Furthermore, the revision introduces the "Decent Homes Standard" into the private rental sector for the first time, ensuring that rental properties meet specific living standards.
These standards encompass requirements for basic facilities, safety, and hygiene conditions within the property. The government aims to improve rental quality, enhance tenants' living conditions, and elevate the overall quality of the rental market.
The industry has warmly welcomed this news. Guy Gittins, CEO of the property company Foxtons, stated, "The government's decision will help combat rogue landlords, ensuring that everyone has the chance to access high-quality rental services. This will provide tenants with better living conditions and enhance the industry's reputation."
Sam Reynolds, CEO of the Zero Deposit organization, also expressed support, saying, "We hope these revisions can raise the overall standards of the rental industry and provide tenants with a better living environment. By introducing the 'Decent Homes Standard,' we can ensure that properties meet basic quality of life requirements for tenants."
However, some argue that these amendments do not address fundamental market issues, such as the scarcity of rental resources leading to rising rents and impacting landlords' investment willingness.
They believe the government should take more measures to encourage landlords to increase the supply of rental housing to meet the growing demand for rentals.
Parliament will be granted greater powers to investigate landlords renting substandard properties, aiding in removing rogue elements. Some industry insiders urge the government to actively address the issue of rogue landlords to avoid the unintended consequence of legitimate landlords exiting the market due to multiple legislative reforms, thereby affecting tenants' housing choices.
These amendments will soon be discussed in the lower house's Bill Committee stage. The government aims to provide tenants with better housing options and promote the healthy development of the rental market through the implementation of this legislation.