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Big Midlands Estate Agency says tenants' rights bill should be “welcome”

DM&Co. Homes boss Dominic Murphy (pictured) says there have been many Scarle Mongerings on the tenant's rights bill, but he believes the new law will provide certainty and beneficial results that are fixed and fixed.

He then retorted the idea that landlords would sell in large numbers, saying, “Many professional real estate investors and landlords I have spoken about as being overwhelmingly positive about this new law.

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“To begin, reforms provide clearer regulations and have more structured guidelines, which reduces legal uncertainty for landlords and tenants.

“And the eviction of Section 21's 'No Fault' will be abolished,” Murphy continues.

Clearer criteria

“This Act expands the basis for possession under Section 8 and allows landlords to regain ownership in certain circumstances, such as late rent, anti-social behavior, or when they need to move on their own or moving a family member.

“This could provide a clearer standard for retrieving property and lead to a more predictable and efficient process for potentially landlords.

“We also have stronger lease agreements and more standardized terms that make it easier for landlords to enforce their rights.

“Other positives include additional incentives for landlords to improve rental properties such as tax benefits and grants.

Legal changes are truly beneficial to the landlord. ”

“The legal changes are truly beneficial for landlords, including policies that should reduce rent arrears by requiring tenants to pay on time and providing better dispute resolution that should protect the landlord from financial losses.

“Some of the reforms will see improvements in stricter rules on property damage, mediation services that should reduce long legal battles by holding tenants more accountable and making dispute resolution faster and cheaper.

“Even new policies that some critics consider negative have a bright side, such as encouraging long-term tenancy by rewarding landowners who offer such leases.


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