New Renters' Rights Act divides landlords in London

Key Points:

• The Renters' Rights Act, effective from 1 May, introduces major housing law changes in London, including banning no-fault evictions, ending fixed-term tenancies in favor of rolling agreements, capping rents at advertised prices, and clarifying pet policies.
• Landlords are divided, with some like Amanda Richardson concerned about lack of support and increased bureaucracy, leading others such as David Simms to consider selling properties due to stricter eviction criteria and potential fines.
• Tenants generally welcome the reforms for increased security and fairness, appreciating the flexibility of rolling tenancies and the end of bidding wars, as expressed by renters like Louisa Hill.
• The government and some property firms, including the Caridon Group, view the act as a positive step toward a better-regulated rental market with stronger tenant protections and long-term landlord commitment.
• Political opinions vary: Labour supports the reforms as a cost-of-living and security measure, Conservatives criticize them for risking landlord exit and higher costs, while Greens and Reform UK express disappointment over lack of rent controls and negative impacts on rental supply.