Propertymark has warned the London Assembly Housing Committee that the scale and complexity of London’s lettings market is such that, without careful implementation, clear guidance and consistent enforcement, the Renters’ Rights Act risks causing serious disruption.
In its written evidence, the industry body says that London’s private rented sector operates at a scale unmatched elsewhere in England and warned that although supply remains below pre-pandemic levels, demand remains strong. It argues that coordinated planning between the Greater London Authority, borough councils and the court system will therefore be essential to avoid instability during the transition.
Implementation in the Capital will present specific challenges.”
Nathan Emerson (pictured), CEO of Propertymark, said: “London’s rental market has distinct characteristics that require careful consideration. Higher demand, significant student populations, longer court timelines and existing licensing schemes mean implementation in the Capital will present specific challenges.
“Our focus is on working constructively with policymakers to ensure the Renters’ Rights Act is delivered in a way that protects tenants, supports responsible landlords and maintains much-needed rental supply.”
Stretched court systems
He added that the removal of Section 21 will place additional pressure on already stretched court systems, and that the interaction between the reforms and London’s large student housing market and overseas landlord base must be monitored. Emerson also highlighted inconsistent enforcement across the Capital’s 32 boroughs as a key risk, saying a more consistent compliance framework would help responsible agents and landlords adapt.
Emerson concluded: “London’s rental market is complex and fast-moving. By recognising the Capital’s specific pressures and planning accordingly, policymakers can help ensure the reforms deliver improved standards and security without unintended disruption. We stand ready to work with the London Assembly and boroughs to support a smooth and balanced transition.”
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