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Posted on 11/04/2025 5:15:10 PM PST by E. Pluribus Unum
This week, the UK Parliament passed the Renters’ Rights Act. It is the biggest shakeup to the British rental market this century, and is being sold as a big win for tenants.
This could not be further from the truth. This legislation will wreak havoc on the already fundamentally broken rental market.
It introduces de facto rent controls, crushes the supply of housing, and makes life harder for everyone trying to find somewhere to live.
So what does this Act actually do?
Most damagingly, it ends so-called “no-fault evictions,” or Section 21. That sounds nice. But evicting someone during their tenancy is already illegal.
Until 2017, the term “no fault evictions” had simply been used to distinguish between a Section 8 notice, in which a tenant is evicted because they’ve broken the terms of their tenancy agreement, and a Section 21 notice (the Section in question), when someone is evicted because their tenancy has expired.
A landlord would be able to reclaim his property after an agreed period, because it is his property. This basic tenet of property rights was, until recently, uncontroversial.
What this new law does is ban landlords from reclaiming their property after a lease ends (unless they are selling it, moving in themselves, or a tribunal gives permission).
In other words: if you rent out your property, you might never get it back.
Within these new indefinite tenancies, rent increases will be controlled by rent tribunals. Tenants will even be able to move in, agree to a rent, and then immediately take their landlord to a tribunal claiming it’s too high.
All of this amounts to de facto controls on rent. And rent controls destroy housing supply.
Here are just some of the likely consequences:
Landlords sell up. When rents can’t rise, and tenant...
(Excerpt) Read more at fee.org ...
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Similar crap is happening here in blue states. Being a landlord is no longer worth the risk.
Plank #1 of the Communist Manifesto: Abolition of private property in land and application of all rents of land to public purpose.
This would kill the short term leases.
Let say, I am moving out for an assignment for a year.
I may rent the place for that time, make some bucks and return back home afterwards.
Now, this may be impossible, so all those potential places for rent will evaporate instantly!
Deep State hates competition.
Welcome to New York...
Where the state can tell you how much to charge for the use of your property.
If that’s the case... is it really yours ???
That’s nothing - wait till Madman-dani freezes all the rents in NYC.
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