Only one in six landlords feel fully prepared for the Renters’ Rights Bill, which returns to Parliament today (8 September), according to new research.

A poll of 1,000 landlords by letting agents Cavendish revealed a mixed level of understanding, with many still unsure what the legislation will mean for them.

The Bill is entering its final stages — the “ping pong stage” — where amendments will be reviewed and approved by the House of Commons before the legislation is finalised.

Low awareness and mixed understanding
The survey found:

• 7% of landlords have not heard of the Bill at all.

• 29% are aware but don’t know what it means for them.

• 16% have heard of it but know very little.

• 32% have a general understanding but still have questions.

Major reforms to the private rented sector
David Adams, managing director of Cavendish and author of The Landlord’s Playbook, warned that the Bill will overhaul the private rented sector, strengthening tenant rights and tightening rules on rent increases.

Key measures include:

• Landlords may only raise rent once per year.

• Two months’ formal notice must be given using a Section 13 notice.

• Tenants can challenge rent increases at the First-tier Tribunal if they believe the rise is above market rate.

• Civil penalties for non-compliance will start at £7,000 and can rise to £40,000.

“Huge amount at stake”
Mr Adams stressed the importance of preparation as the Bill approaches final approval:  “The changes being introduced are some of the biggest impacting landlords for decades. The potential cost of falling foul of the new legislation, in terms of both reputation and financial penalties, is enormous.

While we’ve been supporting landlords via webinars and advice, our survey shows the vast majority across England are not yet fully prepared. Being ready is the only way forward if landlords want to protect and grow their portfolios.”