In this episode, Rob explains why it has been decided to ban no-fault evictions in England as part of the proposed Renters Reform Bill 2022. He looks at both sides of the argument and at how this and other things that have been outlined in the bill are likely to impact both tenants and landlords.
KEY TAKEAWAYS
Going through the court system to evict a bad tenant is costly and extremely time-consuming.
Families with children or pets tend to stay in the same property far longer.
For landlords, a watertight Assured Shorthold Tenancy agreement will protect you from most of the potential negative fallout.
Rent refunds for unhealthy accommodation are OK, but what happens if the tenant has made the property unhealthy e.g., not used ventilation, which has led to mould.
When it comes to safety there needs to be some clarification about what is safe.
BEST MOMENTS
‘We allow pets in our properties anyway.’
‘If you´ve got a watertight AST, the chances are that you’ll be absolutely fine.’
‘How do you define unhealthy? If it is unhealthy because the tenant has made it unhealthy, what do you do?’
‘Arbitrary rent review clauses, I am not a fan of that.’
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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