
With many changes set to come into effect this year, from legislation to market trends, it is essential for landlords to be aware of these changes and understand how they will affect their investments across their portfolios. While legislative changes are expected to create more confidence among renters, with prospective tenants seeking more rental properties, will landlords stay committed to ensuring there is enough housing stock to meet the demand? One way to avoid being caught out and facing potential losses is to understand new laws and know when to implement them.
Ensuring compliance with legislative changes is key to staying within the new legal framework set by the government and to ensuring long-term, sustainable success for your business. Make sure you are familiar with Labour’s new Renters Reform Bill to stay ahead and avoid financial penalties. Naccs offers great advice if you’re unsure about specific areas, so don’t hesitate to drop in and have a chat with the team.
With the abolition of Section 21 of the Housing Act, familiarize yourself with Section 8 of the Housing Act 1988, which deals with eviction based on specific grounds (such as rent arrears or breach of tenancy). This will be your primary means of reclaiming your property, so make sure you are well-versed in it. As a preemptive measure, ensure your tenant screening process is more robust. Ensuring security from the outset will reduce the need for these processes and help you maintain a good relationship with your tenants throughout the tenancy.
Align your business goals with legislative requirements. Ensure your business stays profitable by preparing ahead for any changes you may need to make to your property. As part of Labour’s Renters Rights Bill, you will be required to adhere to the Decent Homes Standard. To ensure your property meets this requirement, conduct an audit on your property. Health and safety standards dictate that properties should be free of mould and damp, have modern kitchens and bathrooms, and be well-insulated. In addition, the Bill will propose stricter laws on EPC ratings, requiring all rented properties to meet an EPC rating of C or above by 2030.
With additional costs that will inevitably need to be met, review your business goals for 2025 and ensure you factor in necessary expenses. Compare your financial performance from last year and set clear goals for the year ahead by mapping out your financial priorities. Mitigate risks from the outset and be proactive in meeting the challenges ahead.
Remember, if you need any advice on investing in the local area or would like to refresh your portfolio, give the friendly team at Naccs a call. Naccs Property Management are professionals and experts in their field and will be able to provide you with tailored advice to help you get the most out of your portfolio.
Articles
Our latest blog articles

A Landlord’s Guide to the Budget 2021 - Part 2
Recently, the Chancellor of the Exchequer Rishi Sunak delivered a ground-breaking UK Budget in the midst of the COVID-19 pandemic. Welcome to our fo...

What Makes Rental Property Unfit For Human Habitation?
With the Homes (Fitness for Human Habitation) Act in force, it is vital landlords offer rental property which is fit for human habitation. However, wh...

Stamp duty holiday ‘to be extended until June in Sunak budget’
Rishi Sunak is reportedly preparing to extend the stamp duty holiday which is due to end next month until the end of June. Rishi Sunak is repo...