The NRLA are currently consulting with landlords of student properties about the impact the proposed changes the renters’ reform bill will have.
Impact on student landlords
As you will know, the proposed removal of fixed-term tenancies and abolition of section 21 are likely to disrupt your normal operation.
The introduction of open-ended tenancies and the impending repeal of Section 21, means landlords will not be able to ensure property availability for incoming student tenants each academic year. In short, these proposed reforms threaten to destabilise the well-established model of student housing.
What is the NRLA proposing?
To mitigate this threat, the NRLA has been working closely with Ministers and officials at the Department for Levelling Up, Housing and Communities (DLUHC). The NRLA’s goal is to ensure that the student housing sector continues to operate smoothly once reforms are implemented.
The NRLA have proposed a series of options, including the retention of fixed terms for student tenancies and a Code of Practice. However, the Government has been clear that it will not accept segregation of the private rented sector and wants to guarantee that all tenants, irrespective of demographic, are afforded the same rights and tenure.
The NRLA are therefore campaigning strongly for two amendments to the current bill.
Firstly, a mandatory ground for possession, which would provide landlords with a legal basis to regain possession of their properties when needed. Secondly, a moratorium on tenants serving notice to provide some certainty for landlords and tenants alike. The moratorium period would guarantee a minimum length of tenancy while keeping things flexible for tenants.
What the sector is saying
The NRLA is working with student landlords and higher education organisations to gain sector-wide backing for our proposals. There is broad agreement that, contrary to the Government’s intention, the Bill as drafted will not improve outcomes for tenants.
Instead, it will likely further reduce the availability of housing options and place pressure on rents.
Share your insights
The NRLA is conducting a survey to gain further details on the current workings of the student housing sector.
The NRLA would be grateful if you would complete the survey to assist them bolster their campaign to amend the Renters (Reform) Bill so that the student housing market can continue to operate in a way that works for both landlords and their student tenants.
