The Renters' Rights Act has introduced significant changes to the student rental market. Students like Eddie Lever, who was able to leave his tenancy early to switch universities, welcome the new freedoms. However, landlords such as Sue Lawes are warning of higher rents and empty properties over the summer.
Students welcome new tenancy freedoms but landlords warn of higher rents
UKPulse News DeskThe Renters' Rights Act has introduced greater flexibility for students to leave tenancies, but this has posed challenges for student landlords.
- The Renters' Rights Act allows students to leave a tenancy with two months' notice, rather than being tied in for the full academic year.
- This change primarily affects students renting from private landlords, as university-owned halls of residence and Purpose-Built Student Accommodation are exempt.
Why this matters: The changes in the Renters' Rights Act give students greater flexibility and security, but also pose challenges for student landlords.
What this means for you: If you're a student renting from a private landlord, you may be able to leave your tenancy early and save money on rent. However, this could also lead to higher rents in the future.