Navigating the Renters Reform Bill: Flexibility for Landlords with Namas Property

The Renters Reform Bill is bringing significant changes to the private rental sector, primarily aimed at increasing tenant security. While these changes are intended to create a fairer system, they introduce new considerations for landlords, particularly around eviction procedures and tenancy terms.

Namas Property Management offers a solution that can help landlords maintain flexibility within their property portfolios: business lease agreements. Unlike Assured Shorthold Tenancies (ASTs), which are designed for individual tenants, a business lease agreement involves renting your property to a company, in this case, Namas Property Management.

Under a business lease, Namas Property Management becomes your tenant, guaranteeing a fixed rental income for the agreed term, typically 3 years or more. This provides financial stability and eliminates the uncertainty of void periods. We then sublet the property, managing tenant relationships and day-to-day maintenance.

This arrangement offers several advantages in the context of the Renters Reform Bill:

• Reduced Impact of AST Changes: Business leases are governed by commercial law, not the Housing Act 1988, meaning they are not subject to the same restrictions as ASTs. This can offer greater control over possession and tenancy terms.
• Guaranteed Income: Even if the property is vacant, you continue to receive your agreed rent from Namas Property Management.
• Professional Management: We handle all tenant-related issues, freeing you from the burdens of property management.

If you’re a landlord concerned about the implications of the Renters Reform Bill, a business lease agreement with Namas Property Management could be a strategic solution. We provide a reliable income stream and professional property management, allowing you to focus on growing your portfolio with confidence.