Greycoat Real Estate Explains the Renter´s Reform Bill Controversy

As experts in real estate development, investment, and asset management, Greycoat Real Estate has been keeping a close eye on the Renter’s Reform Bill that was proposed by Theresa May’s faction. While the Renter´s Reform Bill was set to remove many renters protections it also promised to end Section 21 evictions and give more rights to both landlords and renters. The bill was very controversial as a result but more interesting is the fact that it has been nearly 4 years since the proposal and the legislation still hasn’t been implemented. In fact, it was only introduced into parliament this year.

Where the Controversy Comes From

While Greycoat Real Estate’s successful agency sees the bill as a mixed bag, most people campaigning for change within the rental industry feel that it is a net positive for renters and are happy to see that it will give renters greater power. The problem is that rumors suggest that the Tory MPs aren’t happy with the bill and that’s why it is taking so long to be put into action. In fact, its progress in the House of Commons has been amazingly slow for a bill of this nature.

Insider Information

Shedding some light on this situation the reliable Greycoat Real Estate has reviewed statements from a source. This, within Whitehall, was released to the Financial Times. The source stated that landlords in the whips office have been talking with the Tory MPs and increasing their concern over the bill. However, the whips office denied this.

Even so, a report in the Minor newspaper accused five senior Tory MPs of blocking the bill all of which are landlords, Greycoat finally states. While the government issued a statement declaring its support for the bill, it remains to be seen if it will ever be passed.

As experts in real estate development, investment, and asset management, Greycoat Real Estate has been keeping a close eye on the Renter’s Reform Bill that was proposed by Theresa May’s faction. While the Renter´s Reform Bill was set to remove many renters protections it also promised to end Section 21 evictions and give more rights…