What will a Labour Win mean for Rental Reform?

If Labour wins the general election on 4th July 2024, their approach to the Renters Reform Bill and the private rented sector (PRS) is expected to be more comprehensive and tenant-focused.

Here are some key elements of Labour’s proposed policies for the PRS:

1-       Rent Caps

Labour has expressed a desire to implement rent controls to address affordability issues. This could include capping annual rent increases to prevent excessive hikes and ensure rents are in line with local incomes and housing market conditions.

2-       Abolishing Section 21 "No-Fault" Evictions

Labour supports the abolition of Section 21 "no-fault" evictions, which would prevent landlords from evicting tenants without a specific reason. This aligns with the current proposals in the Renters Reform Bill and is aimed at providing greater security and stability for renters.

3-       Ending Discriminatory Practices

Labour is committed to ending discrimination in the rental market, including practices that unfairly exclude certain groups of tenants. This could involve stricter regulations against discriminatory ads and policies and better enforcement of existing anti-discrimination laws.

4-       Longer Tenancies

Labour advocates for longer and more secure tenancies, which would provide tenants with greater stability and peace of mind. This could involve default tenancy agreements lasting three years or more, giving tenants more confidence and security in their housing situation.

5-       Renters’ Charter

Labour has proposed a Renters’ Charter that would set out the rights and responsibilities of tenants and landlords, aiming to create a fairer and more balanced rental market. This charter would provide clear guidelines on issues such as repairs, rent increases, and tenant evictions.

6-        Housing Benefit Reform

Labour aims to reform the housing benefit system to ensure it adequately covers the cost of rent. This includes aligning housing benefit rates with actual rental prices in local markets, reducing the risk of homelessness and housing insecurity among benefit recipients.

7-       Support for Tenants’ Unions

Labour supports the establishment and growth of tenants’ unions, which can advocate for renters’ rights, provide support and advice, and help tenants collectively bargain for better conditions.

8-       Energy Efficiency Improvements

Labour is likely to push for improvements in the energy efficiency of rental properties, helping to reduce tenants’ energy bills and contribute to environmental sustainability.

This could include mandatory energy efficiency standards and support for landlords to make necessary upgrades.

If Labour forms the next government, their approach to the Renters Reform Bill and the PRS will likely be more aggressive in implementing tenant protections and addressing affordability issues. With a focus on rent caps, longer tenancies, and stronger regulations, Labour's policies aim to create a fairer and more secure rental market for millions of renters across the country.