Posted on 4th September 2019 at 00:02
We are without doubt going through the most significant period of change for the UK in decades. Regardless of your views on Brexit (and lets be frank the vote wasn't that far off a 50/50 split so there is bound to be division on the issue), leaving the EU will mean changes in many different ways. The Private Rental Sector was already being closely examined by Government and changes have already been implemented in 2019.
Undoubtedly if there is to be an election, and it would seem likely that one way or another an election will be called in the not too distant future, the political parties will be positioning themselves with a range of ideas that could directly or indirectly affect the Private Rental Sector.
So, I am going to attempt to pull together some of the key things that perhaps have already been proposed as well as highlighting anything new that may affect the PRS. My comments on any proposals I hope will be neutral to encourage comment and debate, but I also hope this will help provide some clarity as undoubtedly there will be lots of information being bandied about before and during an election campaign. Is this intended to influence how you may vote? No, most certainly not, it is merely a commentary on the issues being proposed.
I will however make one personal comment: I believe the partnership between a Landlord and Tenant can be extremely positive, indeed I see this all the time. The greatest failing in the Private Rental Sector in my opinion is that when things go wrong the remedy for either the Landlord or the Tenant is rarely straight-forward and if a remedy is available it is either lengthy or very expensive or both. Having somewhere safe to live is a basic right and as the need for housing increases the basis on which any new legislation or regulation is made should be that it is fair to all parties and easy to achieve a meaningful remedy if things go wrong. The starting point should be that it is accepted that the vast majority of Landlords and Tenants are decent human beings who have a respect for one another, because that actually is the truth. In the minority of cases there are Landlords who flout the law and Tenants who do the same and they of course should be dealt with. New Legislation should have purpose and not be a knee jerk reaction to a perceived problem, nor should it be proposed as vote winner in a manifesto. The long term issues of providing suitable housing for a growing population are undoubtedly complicated and the need for the Private Rental Sector will continue to grow so the challenge of getting the legislation 'fit for purpose' is a serious one for the future. I hope those that are elected are up to the challenge and dare I say it perhaps they could all work together for once to achieve and work for the common good that provides a sustainable future for all parties involved in the Private Rental Sector.
More in due course!