1st May is Renters Rights Bill Day Last week the government announced that their flagship Renters Rights Bill would become law 1st May 2026. The threat of this bill has seen many landlords look to exit the market over the last 24 months reducing rental property stock and forcing up rents. This has exaggerated an acute lack of rental accommodation and coupled with higher interest rates, many landlords have opted to move their investment to the stock market, pensions or safer investments now giving higher tax free yields such as premium bonds. However, there are causes to be optimistic for landlords with lots of quality tenants looking to rent, higher rents being achieved due to lack of availability and interest rates for buy to let borrowing gently falling. The bill amongst other things will ban section 21 no fault evictions, extend the time tenants have to pay back arrears before being evicted and make it far easier for tenants to keep pets. Taking rent upfront and rent bidding over the asking price will also be outlawed. If you are currently renting a property that you manage you manage yourself and are thinking of instructing an agent, give us a call today on 01493 849111. Or if you are looking to buy rental property call us today so we can advise you further.