Click here to read the full article: Landlord warns tenants will pay more under ‘highly damaging’ reforms
Scott’s comments have been reproduced below with kind permission.
Scott has also raised concerns about the legislation’s unintended consequences.
The property lawyer said many smaller landlords are still scrambling for guidance as one of the most significant shifts in residential letting approaches.
Mr Goldstein warned that rising legal obligations and costs will accelerate the departure of private landlords, with larger institutional investors taking their place.
This transition creates potential dangers for both rental availability and pricing as the market adjusts, potentially leaving tenants worse off than before.
The stakes are considerable. Private renting now accounts for 4.4 million households in England, representing 19 per cent of all homes compared to 14 per cent in 2008-09.
Mr Goldstein anticipates tribunals will play an increasingly prominent role in settling disputes and determining whether rent adjustments are fair.
Additional coverage on this topic:
Leasehold reforms: how the changes could help you | MoneyWeek
Institutions find rental reforms ‘baked in’ to BTR | Estates Gazette
For further information, please contact Scott Goldstein, Partner in the Litigation, Arbitration & Dispute Resolution department, or alternatively, telephone 07904 916 241.
