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Mark Fitzgerald explores the Renter's Right Bill and essential strategies for property investors to protect their investments amid changing legislation.
• The Renter's Right Bill represents the biggest shake-up of the private rental sector in decades, expected to be implemented around October 2023
• Fixed-term tenancy agreements will be eliminated, with all contracts becoming periodic allowing tenants to give notice from day one
• Section 21 "no-fault" evictions will be banned immediately when the bill passes
• Court eviction processes require meticulous documentation and evidence to secure possession orders
• Anti-social behavior cases will become more challenging without Section 21 notices as a backup option
• Rent guarantee insurance provides valuable protection covering legal costs and lost rent during eviction processes
• Joint tenancies require clear communication about liability when one tenant wants to leave
• The current rental market shows higher rents but approximately 25% less tenant movement compared to previous years
• Landlords should review rents, update documentation systems, and consider professional management to navigate new regulations
• Specialist property education and support is available through the Education to Action platform at educationtoaction.com
Connect with Anthony & Alice
https://linktr.ee/homemakerprops
VALUABLE RESOURCES:
Let me help you build your property business, Check out how I can support your investing now.
- Visit https://www.thepropertyunleashed.com/home
- My Property Investing Community called Property Education To Action, This is the best place to achieve your property goals and build the life you desire. https://educationtoaction.com
- You can learn and take action on your property goals for just £1
- Visit www.educationtoaction.com to explore free Property Ebooks and guides in Rent-to-Rent, Serviced Accommodation, Deal Sourcing, PLOs and more and also our FREE training masterclasses to help you generating a sustainable income through property.
- https://www.facebook.com/groups/816926952556608 to meet like-minded property investors and be a part of the community.
CONNECT WITH ME:
Facebook: https://www.facebook.com/mark.fitzgerald.7921
Instagram: https://www.instagram.com/markfitzgeraldentrepreneur/
Linkedin: https://www.linkedin.com/in/mark-fitzge...
Chapters
1. Introduction to Renter's Right Bill (00:00:00)
2. Education to Action Platform Overview (00:09:05)
3. Renter's Right Bill Update (00:17:24)
4. Current Rental Market Conditions (00:27:23)
5. Court Evictions for Rent Arrears (00:31:30)
6. Handling Anti-Social Behavior (00:43:38)
7. Joint Tenancy Challenges (00:49:13)
8. Final Tips and Community Resources (00:56:08)
9. Upcoming Events and Conclusion (01:00:21)
350 episodes
