According to Pegasus Insight’s Tenant Trends report, around 20% are somewhat aware of what will be included in the Renters’ Rights Bill, while 43% range from slightly aware to not aware at all.
Only 5% said they didn’t know about the Renters’ Rights Bill at all.
The bill currently includes actions on better living standards, banning no-fault evictions and a proposal to limit rent increases.
Approximately 13% of tenants said they thought the Renters’ Rights Bill would have a “significant positive impact” and 31% said it would only have a “slight positive impact”.
Around 19% of tenants thought the bill would have no impact on them, 6% thought it would have a negative impact and 31% were unsure.
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More than a quarter expect their rent to increase as a result of the bill, but around two-thirds of tenants said they planned to stay in their property once their current tenancy ends.
Within the third that are planning to move or considering moving, 32% pointed to moving to a new location, 26% wanted a bigger or smaller property and 24% wanted to buy their own home.
Around a tenth said they would move if the landlord ends their tenancy, and within that, over half said landlords ended the tenancy because they planned to sell the property.
Around 22% said ending the tenancy was due to wanting to increase the rent and 16% said the landlord wanted to move into the property.
Mark Long, founder and director of Pegasus Insight, said: “Our latest Tenant Trends Research Report suggests more needs to be done to educate renters about the new legislation set to be implemented by this autumn, as a significant proportion of tenants know little to nothing about the imminent changes to their rights.
“In terms of the impact the bill is likely to have on the market, the 27% of tenants who believe that rents will increase as a result look likely to have their fears borne out. In fact, responding to our Landlord Survey Q4 2024, 62% of landlords said they will look to recoup potential losses incurred as a result of the new legislation by putting rents up.
“While the Government is holding fast to its claim that the Renters’ Rights Bill will not force landlords out of the private rented sector, the fact that more than half (56%) of those who have given their tenants notice to quit plan to sell the property, up from 37% a year ago, is surely significant. Again, tenant concerns that the bill will lead to a reduced supply of properties appear well-founded.”
This article was first published on YourMoney.com‘s sister site, Mortgage Solutions. Read: Less than a third of tenants fully aware of Renters’ Rights Bill
