As a landlord with a portfolio of 5 properties, how does the Renters (Reform) Bill's proposed changes to periodic tenancies and the abolishment of Section 21 specifically impact my ability to manage vacant periods for *refurbishment or sale*, and what proactive steps should I be taking now to adapt my portfolio strategy?
Quick Answer
The Renters' Rights Bill, expected in 2025, will abolish Section 21 'no-fault' evictions and make all tenancies periodic. Landlords will need to rely on Section 8 grounds to regain possession, affecting planned refurbishments, redevelopments, or property sales.
About This Topic
The Renters' Rights Bill abolishes Section 21 in 2025, moving all UK tenancies to periodic. Landlords will rely on Section 8 for possession, impacting refurbishments and sales. Plan for longer vacant periods; professional advice critical.
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