Property Management L3

Question 1

What RICS guidance is there on Property Management?

Answer 1

Real estate management

Residential Property Management

Question 2

What is the Renters Rights Bills?

Answer 2

• Ending the section 21 evictions, landlords would need to serve a section 8 Notice to seek possession.
• Rights for tenants to keep pets
• Tenant can give 2 months’ notice from day 1
• All tenancies will be periodic

Question 3

What are the ground for service a section 8 Notice?

Answer 3

Ground 8: The tenant owes at least two months’ rent
Ground 10: The tenant owes some rent
Ground 11: The tenant has paid rent late in the past

Question 4

Explain the Renters’ Rights Bill

Answer 4

• Ban no-fault evictions: End “section 21” evictions, which are evictions without a reason
• Replace fixed-term tenancies with periodic tenancies: Make all new tenancies open-ended, so tenants can end them with two months’ notice
• Limit rent increases: Allow landlords to increase rent once a year, but only if it reflects the market rate
• Strengthen tenant rights: Allow tenants to appeal excessive rent increases, and protect tenants from discrimination
• Improve property conditions: Require landlords to address hazards like damp and mold, and apply the Decent Homes Standard
• Create a landlord ombudsman: Establish a new ombudsman to help landlords and tenants
• Create a private rented sector database: Require landlords to register their properties on a new database
• The bill is intended to give tenants greater rights and protections, and balance the rights of tenants and landlords.