Under the new law, tenants will be able to challenge rent increases they consider unreasonable by taking the matter to a property tribunal. Bidding wars will also be banned — landlords and letting agencies will no longer be allowed to invite competing offers on a rental property. These measures are designed to give renters more stability and predictability in an increasingly expensive housing market.
Angela Rayner, the former deputy prime minister who championed the bill through parliament, was quoted by the FT saying she does not apologise for the new rules, emphasising that landlords can still earn a profit without compromising tenant safety.
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