The impact of the Renters’ Rights Bill and key takeaways
Once the Renters’ Rights Bill comes into force deposit protection will be more important than ever
With the Renters’ Rights Bill likely to become law in 2025, landlords can expect more scrutiny on how deposits are managed. The Bill aims to:
ban Section 21 (‘no fault’) evictions
strengthen tenants’ ability to challenge rent increases
crack down on non-compliant landlords
Total Landlord’s Renters’ Rights Bill hub covers the Bill in more detail
Tim Frome, Head of Government Schemes at Total Property, warns:
“As tenants become more aware of their rights, landlords must make sure they are fully compliant with deposit legislation. Having the support of mydeposits and other products and services provided by Total Property such as pet damage protection insurance, legal expenses and rent protection insurance, and tenancy mediation, will be vital for landlords and agents, and the deposit protection process will be more important than ever.”
Find out more about mydeposits and protect your deposit today
Final thoughts: Protecting your rental business
Taking a deposit remains one of the most effective ways to:
safeguard your investment
encourage responsible tenancy behaviour
avoid issues at the end of the tenancy
By protecting the deposit correctly, documenting your tenancy clearly, and combining it with comprehensive insurance and, if necessary, professional mediation support, you’re giving yourself the best chance of a successful, stress-free letting experience.
