Renters Rights Act first phase comes into force on 1 May, abolishing Section 21 and capping rent rises
The first phase of the Renters Rights Act takes effect on 1 May, abolishing Section 21 no-fault evictions, moving all tenancies to periodic agreements, capping rent rises at once per year and banning rental bidding. Possession will require Section 8 grounds with documented justification. For sellers in buy-to-let, the operational bar rises and several forecasters warn of further landlord exits. For buyers, that may bring more ex-rental stock to market in the coming months.
What this means for…
Buyers· 1/3
Sellers· 2/3
Wider market· 3/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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Accelerated landlord possession claims rise 16% year-on-year in first full quarter after Section 21 abolition
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