Being a Landlord in 2019 / 2020 Part 2
As well as the many new regulations and programmes mentioned in part 1 of our recent article, there are also a number of changes planned by the government that could be implemented in 2020. These potentially could include:
1. Rent Controls in London
The proposition of rent controls began back in 2017 with Labour’s general election manifesto.
While not yet confirmed, the London mayor Sadiq Khan has made rent controls a central policy in his 2020 re-election bid, pledging in January to develop a “blueprint for stabilising or controlling private rents in the capital.”
2. Minimum Energy Efficiency Standards (EPC)
The minimum threshold of an E on an EPC came into force on 1 April last year and applies to all new lets and renewals. The rules will be extended to all tenancies come 1 April 2020, and all existing tenancies must be brought up to this new standard by the 2020 deadline.
3. Electrical installation Checks
While the implementation date isn’t yet known, the government appears committed to introducing mandatory five-year electrical installation checks on private rented housing in England.
From what has been revealed thus far, this will likely be introduced in a phased manner, and agents and landlords should have at least six months to familiarize the new legislation before it comes into force.
At Stones Residential we keep the team educated with all legislation being introduced by the government. Our current landlords are all kept up to date with newsletters and send outs, all with relevant content.
To find out how our unique marketing and services ensure great tenants for the best rents, please contact our Director of Lettings Neil Lux on 020 8954 0045 or email email@example.com