Welcome to Part II of our final collection of updates and insights for 2024!
With the introduction of the new Government in July 2024, elements of the Bill are still subject to change. However, as it stands:
Many London estate agents believe that good landlords, i.e. those who maintain their properties well and who have a long-term rental strategy, shouldn’t be overly affected by these changes. Despite this, some landlords may choose to leave the market, keeping competition for available properties high. More landlords are requesting mutual break clauses whilst they are still able to, not necessarily because they plan to end tenancies early, but as a safeguard in case financial circumstances or tax policies change and they need to have the option to sell available to them.