How will Renters’ Rights Bill change logistics of student rental market?

How will Renters’ Rights Bill change logistics of student rental market?

0:01 AM, 21st January 2025, About 8 hours ago

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Hi, still trying to get my head around how this is going to work in practice. I work within a small agency which specialises in student homes.

A surprisingly large portion of our homes are 1 and 2 bedroom options for students. However, from what I can see, there isn’t any provision to offer this in the future as there will be no guarantee when the current tenants will move out.

I can’t see that we have any choice but to remove these from the student market which seems unfair to the tenants that don’t want to live in larger homes.

I’m also trying to work out how a tenant, say in an 8-bed home on a joint AST (currently) would have the option to essentially end the tenancy for all, two months into the contract. I appreciate this won’t happen often but the risk factor to landlords is huge – so trying to see the benefits to tenants that want some security? The upheaval in the middle of term would be massive.

Lastly the marketing of homes is causing me confusion. In Newcastle homes are typically let between mid October-January. Does the proposed legislation mean that advertising could still happen ‘early’ but then the contracts not agreed until 6 months before the start date. Not having at least some option to exercise the 4A possession ground feels like far too big of a risk?

The student market is so specific, I appreciate I’m biased but on the whole it works ok. There has been so much legislation in recent times to improve the quality of housing that it feels this really will create the opposite effect – forcing good landlords out of the market and creating such an unstable market for student house shares that they will be forced to live in sub-par homes just to have somewhere to live.

Not looking for a specific answer,  just to see if anyone had any ideas with how to navigate this?

Thanks,

Ellen


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