Housing Minister Matthew Pennycook has promised a “smooth transition” to introduce the Renters’ Rights Bill.
Speaking to Parliament this week, Pennycook said that following Royal Assent, the Government will allow for a “smooth transition to the new system.”
He said: “We will support tenants, landlords and agents to understand and adjust to the new rules.
“We want to make that change as smoothly and efficiently as possible, and to introduce the new tenancies for the private rented sector in one stage.”
That means that once a date is confirmed, the new tenancy system will apply to all private tenancies.
Pennycook added: “Existing tenancies will convert to the new system and any new tenancies signed on or after the date will be governed by the new rules.
“We will work closely with all parts of the sector to ensure a smooth transition and we will provide sufficient notice ahead of implementation.”
Source: Letting Agent Today
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