New rules introduced by the Tenant Bill of Rights and the abolition of section 21 notices mean “careful scrutiny” must be the default approach for landlords, says Sim Sekong.
He said many landlords had “serious concerns” that their rights would be eroded by the legislation, and that the government was moving ahead despite a chaotic court system and a shortage of bailiffs. He claims to be angry, but recommends that the best way to deal with it is to: Have a clear and rational plan. 
He added that landlords need to be more selective in their selection of tenants and careful vetting needs to be the default approach.
Rents are rising and the risks are even higher. ”
“Rents are rising and so are the risks. You cannot risk agreeing to a tenancy agreement without reference to sufficient information. Please consider the information provided carefully and, where possible, contact potential tenants. Please meet me.”
Sekhon, CEO of LegalforLandlords, also recommends that landlords purchase rent and legal expenses insurance. Currently, only 16% do so, but he expects that number to quickly double given the current situation.
He believes that switching to an agent rather than self-management can also be helpful, but only if the agent is “reputable.”
cautious approach
Although the Tenant Bill of Rights may still be many months away from becoming law, it is already having an impact, forcing landlords to take a very cautious approach and offer higher and more affordable prices to potential tenants. He says they are demanding price and job stability.
