We bring you the latest news and updates for Leicester student landlords.
Renters’ Rights Bill update
The Renters’ Rights Bill continues its passage through Parliament with next stages planned on the 1st, 7th and 15th July. Parliament breaks for the summer on 22nd July so it is looking very tight to get the new law ‘over the line’ before then.
Even if it does become law before the summer break, this does not mean that it will instantly become law as there will be an implementation period. The housing minister, Matthew Pennycook, had originally suggested October for implementation, but that seems very soon even if the bill does become law in July. The Government will need to issue guidance to the sector as well as look at secondary legislation (for example to exempt PBSA). They also stated that they would give “sufficient time” for the market to adapt to the changes. Our best guess is that we will see this come into force late 2025 or early 2026.
If the bill does not complete the parliamentary process before the summer recess, this will push it back to October when MPs return from the summer break. This would most likely mean a mid-2026 implementation period.
What this means is that all the tenancies that are already signed or are being signed for the 25/26 year, WILL be impacted by this new law during the tenancy year. All Sulets landlords on lease agreements are protected from these changes and can be assured that their properties can continue to operate as they have always done.
We will be holding a webinar with industry expert, David Smith, a partner at Spector Constant & Williams Solicitors, where we will be discussing this in greater detail (information below).
Property Tribes sponsorship
We’re proud to announce that Sulets is now the official sponsor of the Student Accommodation section on Property Tribes.
We’re excited to support one of the UK’s leading landlord communities and share insights on all things student housing. We will be following up with an interview with Property Tribes’ very own Vanessa Warwick and we will be releasing details over the coming weeks.
Check out the Property Tribes Student Accommodation forum here.
Stay tuned for tips, trends, and updates on the Renters’ Rights Bill!
Upcoming Renters’ Rights Bill webinar – Friday 25th July
On the 25th July @ 2pm. we will be running a webinar with industry expert David Smith where we will look at the current progress of the bill.
Keep an eye out in your inbox for a Zoom invite very soon.
Is your property still available for next year? 🏡
If your property is still on the market or you have any questions regarding current demand, please get in touch with Ruta Svedkauskaite (Sales Manager) who will advise on potential options to help let your property in time for the 25/26 academic year.
Away Day
Earlier this month our team took a break from student lettings to enjoy our annual company away day, this year at Adventure Sports in Warwick. 🏹🌟
Our team took on the challenge of Quad Bike Trekking & Crossbow Shooting followed by a pub lunch.
Do you have a Radio Teleswitch Electricity meter?
The technology that supports RTS electricity meters will switch off from 30 June 2025. Without the technology to tell RTS meters when to swap between peak and off-peak rates, they may no longer work properly, and it may mean that a consumer’s heating and hot water supply stops functioning as normal.
If you have an RTS meter, your electricity supplier will get in touch to arrange an upgrade to a smart meter before this deadline.
Read more here – www.ofgem.gov.uk/information-consumers/energy-advice-households/replacing-your-radio-teleswitch-electricity-meter
£500 landlord referral
Sulets are actively looking to sign up new landlords in Leicester. If you know of anyone who could benefit from the Sulets service, then please let us know. The more landlords like you that we have on board, the more students we can help.
If you recommend a new landlord to us, we will offer you a £500 cash referral payment if they sign up and we let their property!
Please contact Ruta Svedkauskaite (Sales Manager) who will be happy to help and can offer valuations on potential rental incomes in the student sector.
Terms & conditions:
Sulets will pay £500 to any existing landlord referring a new landlord who hasn’t previously rented a property through us and whose property we subsequently rent for the forthcoming year. The payment is for each new landlord introduced. There is no limit on the number of individual referrals that can be made.