Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what assessment they have made of the potential impact of abolishing assured fixed-term tenancies through the Renters’ Rights Bill; and whether they have (1) considered the possibility that the availability of long-term rental properties may decrease and (2) that tenants may decide under the new legislation, if enacted, to sign a tenancy agreement then immediately serve notice.
The Renters’ Rights Bill will remove fixed term assured tenancies, to strengthen tenants’ rights and provide them with more flexibility.
Good landlords have nothing to fear from the reforms. The sector has doubled in size since the early 2000s and there is no evidence of an exodus since reform has been proposed.
Tenants are unlikely to end tenancies unless they absolutely have to. Moving house is expensive and disruptive. Where tenants do end tenancies, they will be required to provide landlords with two months’ notice, to give time to find new tenants.