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New Government, New Rules, Whats on The Horizon
Manage episode 433104238 series 3504934
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In today’s episode, Mark sits down with Allison and Anthony from Homemaker Properties to discuss the latest changes in property laws and what they mean for landlords.
With the recent implementation of Section 21, a wave of concern has swept through the landlord community. However, Allison offers a reassuring perspective, explaining that while Section 21 may seem daunting, its impact on landlords might not be as severe as feared. She also emphasises that Section 8 remains in place, providing landlords with an alternative route for regaining possession of their properties.
Allison also highlights a crucial point: even laws that are said to take effect immediately still require a notice period, meaning these changes won’t happen overnight. This gives landlords some breathing room to adjust and ensure compliance.
Mark adds to the discussion by underscoring the importance of solid tenancy agreements. He advises landlords to ensure their contracts are robust and allow them to regain possession of their properties under specific circumstances, such as the end of a tenancy term or other valid reasons. Having a well-drafted agreement in place is essential for protecting landlords’ interests in the evolving legal landscape.
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