Bull and Bear discuss the UK housing market and most particularly, the changes that came into force with effect from 1 May with the introduction of The Renters’ Rights Act.
The Act has been called the most significant reset of private renting in a generation.
From 1 May, all residential tenancies will become periodic tenancies from the outset, meaning that tenants can no longer be locked into a fixed-term and, crucially, cannot be removed by a simple ‘no-fault’ eviction notice.
Bull argues that the Act has fundamentally altered the long-established assumptions when it comes to residential investment, whether it be assumptions about tenure length, tenant mobility, exit strategy and tenant turnover.