By Meg Wilson, Chester Office Manager, Currans Homes
The Renters Rights Bill introduces the most significant update to renting in many years. It aims to provide tenants with greater security and clarity. For local landlords and investors, it brings new responsibilities and new considerations when deciding how to manage property.
The biggest shift is around possession. Assured shorthold tenancies will go. Fixed terms will gradually change. If a tenant stops paying rent, eviction will rely on Section 8 grounds. This means landlords must prove arrears and follow a tighter legal process. It can take more time. The financial exposure rises when rental income is at risk.
This creates a stronger need for prevention. Understanding each tenant at the beginning of the tenancy will be essential. Employment. Affordability. Intentions to stay in the home. A clear picture supports stability. Early conversations about expectations help protect the investment. Many landlords will also review whether rent protection insurance is now a necessary part of their strategy.
Compliance steps become more important too. Safety certificates, right to rent checks, deposit registration, and paperwork must be accurate and complete. Any errors weaken a landlord’s position if problems arise later.
These changes encourage investors to look at each property individually. Does the rental still deliver the return you want. Would selling offer more certainty. Do you renew, adjust rent, or re-purpose the asset. Local knowledge matters in making those decisions.
At Currans Homes, we support landlords through this period of reform. Our Sell or Let spreadsheet gives a clear comparison of the options for each property. We also run webinars that explain the legislation in straightforward language and help you plan ahead.
For further discussion, John and Lisa Curran will be joining the panel at the Kieba Property Meet at the Grosvenor Pulford Hotel on Monday 8 December. A great opportunity to learn more, ask questions, and network with local property professionals.
If you would like access to the spreadsheet, webinar details, or Event information, contact our Chester team on 01244 316338. We are local investors too, and we are here to guide you through change with confidence.