On 20 March 2019, the Homes (Fitness for Human Habitation) Act 2018 came into force. While some landlords might feel nervous about this, there’s really no need to. In terms of maintenance obligations, you’re not being held to any higher standard than you were before, and the act is really just empowering tenants to take action more effectively against sub-standard landlords.
You might have read about a new piece of legislation called the Fitness for Habitation Act. Stemming from a private members’ bill introduced by Labour MP Karen Buck, it’s aimed at improving the standard of housing in the rented sector – which can only be a good thing.
It seems as though almost every time a new law comes into force in the lettings industry, there is a negative impact on landlords’ profits. While the several new pieces of legislation already on the slate for 2019 shouldn’t make a huge difference to your profits, you should be prepared for some costs to increase.