New property laws coming in 2025 every homeowner and renter must know
Share:
As the new year approaches, significant legislative changes are on the horizon for the property sector which will impact millions of homeowners and tenants nationwide. In October, Chancellor Rachel Reeves unveiled a raft of major alterations to the property sector during Labour's inaugural Budget. Alongside announcements on taxes, wages, pensions, benefits and living costs, the UK's first female Chancellor tackled the property market with modifications to renting, leasehold, stamp duty and new homes.
The Renters' Rights Bill, anticipated to take effect in 2025, promises the most significant shake-up of tenancy laws in decades, introducing rules safeguarding renters' rights. The bill fulfils Labour's manifesto pledge to revolutionise the private renting experience for both England's 11 million private renters and 2.3 million landlords.
It aims to provide renters with enhanced security and stability, enabling them to remain in their homes longer and reducing the risk of homelessness. Here are some of the primary changes set to be introduced: Abolish no fault evictions, reports the Manchester Evening News.
The government is planning to abolish Section 21 'no fault' evictions from the Housing Act 1988. This means landlords will no longer have the power to evict tenants without a valid reason, as defined by law. Under the proposed legislation, tenants will be protected from eviction for the first year of their tenancy, provided they adhere to their tenancy agreement. After this period, if the landlord wishes to sell or move into the property, they must provide the tenant with four months' notice.
