KEY ANNOUNCEMENTS IN KING CHARLES III'S SPEECH: IMPLICATIONS FOR THE PROPERTY SECTOR
KEY ANNOUNCEMENTS IN KING CHARLES III'S SPEECH: IMPLICATIONS FOR THE PROPERTY SECTOR Today marked a historic moment as King Charles III delivered his first speech, outlining the government's priorities for the upcoming year. Among the key announcements were significant reforms impacting the rental and property sectors. Let's delve into the three major takeaways that should be on every letting agent and landlord's radar. Renters (Reform) Bill: A Balancing Act The speech reiterated the government's commitment to the Renters (Reform) Bill, signalling a renewed focus on the rights of tenants and the concerns of landlords. A notable highlight is the pledge to abolish Section 21, commonly known as "no-fault evictions," a commitment that has been in the spotlight since the Queen's Speech in 2019. However, the timeline for implementation remains uncertain. The King's Speech provided no further clarity on the criteria and deadlines for the significant c