BREAKING NEWS - Renters Rights Bill Announced - Bad News Landlords

Property Accelerator - James Nicholson
11 Sept 202422:30

Summary

TLDRIn this video, James Nson discusses the Renters Rights Bill introduced in Parliament, which has significant implications for both landlords and tenants. Key points include the implementation of 'AWOB's law' requiring mold issues to be addressed within 14 days, the banning of rent bidding wars, and allowing tenants to challenge unfair rent increases. The bill also mandates decent home standards, potentially fining landlords and allowing tenants to withhold rent for non-compliance. Other aspects include no discrimination against tenants with pets or benefits, and the abolition of section 21, which allows no-fault evictions. James predicts these changes could lead to a rise in rents and a potential exodus of landlords.

Takeaways

  • 🏠 The 'Renters Rights Bill' is a significant legislative change impacting both tenants and landlords, previously known as the 'Renters Reform Bill' under the conservative government.
  • 📚 The bill includes 'AWB's Law', requiring landlords to address mold issues in properties within 14 days of being reported, similar to existing laws for social housing.
  • 🚫 The practice of 'bidding wars' for rent, where tenants compete to offer higher rent than the asking price, is set to be outlawed.
  • 📈 Tenants will gain the ability to challenge unfair rent increases through a property Ombudsman, though there are no rental caps mentioned in the bill.
  • 🚫 The bill restricts rent increases to once per year, aiming to prevent landlords from repeatedly raising rents in a short period.
  • 🐾 Landlords will be required to consider tenant requests for pets within 28 days and cannot unreasonably refuse, potentially requiring pet insurance as a condition.
  • 🏡 'Decent Home Standards' will be enforced, with potential fines of £7,000 for landlords if their properties do not meet the required standards, and tenants can stop paying rent during this period.
  • 📊 The bill anticipates a 'landlord exodus' due to increased regulations and responsibilities, which could lead to a rise in rent prices as the rental market adjusts.
  • 📑 A digital database of landlords and their properties is proposed, increasing transparency and allowing agents and counselors to view landlord histories.
  • ⏰ The bill abolishes 'Section 21', which allowed no-fault evictions, aiming to protect tenants from unfair eviction practices.

Q & A

  • What is the Renters Rights Bill?

    -The Renters Rights Bill is legislation that has had its first reading in Parliament, aimed at providing more rights and protections for renters. It was previously known as the Renters Reform Bill under the conservative government but has been rebranded by the labor government.

  • Why was the Renters Reform Bill rebranded?

    -The Renters Reform Bill was rebranded as the Renters Rights Bill when the labor government took over, indicating a shift in focus towards emphasizing the rights of renters rather than just reforming the rental system.

  • How might the Renters Rights Bill impact landlords?

    -The Renters Rights Bill could impact landlords by imposing stricter regulations on property standards, rent increases, and eviction processes. Landlords may face fines for non-compliance, and the bill could potentially lead to a shift in the rental market dynamics.

  • What is the significance of 'AWB's law' mentioned in the script?

    -AWB's law refers to a regulation that mandates landlords to address mold issues within 14 days of being reported. It originated from a tragic incident involving a young boy named Awa and is now being extended to the private rental sector from social housing.

  • What changes does the bill propose regarding rent bidding wars?

    -The bill aims to outlaw bidding wars for rental properties by setting a maximum rent that landlords can charge. This means that the listed rent would be the highest amount a landlord can receive, preventing tenants from having to outbid each other.

  • How will the Renters Rights Bill affect tenants' ability to challenge rent increases?

    -The bill will allow tenants to challenge unfair rent increases through a property Ombudsman. If a tenant feels the rent increase is unjust, they can dispute it, and the Ombudsman will resolve the issue.

  • What is the proposed limit on how often landlords can increase rent?

    -The Renters Rights Bill proposes that rent increases will be limited to once per year. This is a change from the current practice where some landlords might increase rent multiple times within a year.

  • How does the bill address the issue of pets in rental properties?

    -The bill requires landlords to consider a tenant's request for a pet within 28 days and to have reasonable grounds for refusal. If a pet is allowed, landlords can require pet insurance to protect the property.

  • What are the 'decent home standards' mentioned in the script?

    -Decent home standards refer to the requirement that all rental properties must meet a certain quality standard. If a property does not meet these standards, landlords can be fined up to £7,000, and tenants may stop paying rent until the issues are resolved.

  • What is the potential impact of the Renters Rights Bill on the rental market?

    -The potential impact includes a possible increase in rents due to landlords exiting the market, increased property standards, and a shift in power dynamics between landlords and tenants. The bill could lead to higher quality rental properties but may also result in fewer available rentals.

  • Why might some landlords quit due to the Renters Rights Bill?

    -Some landlords might quit due to the increased regulations and responsibilities imposed by the bill, such as dealing with mold issues within 14 days, not being able to refuse tenants with pets without reasonable grounds, and the abolition of section 21, which allows no-fault evictions.

Outlines

00:00

🏠 Introduction to the Renters Rights Bill

James Nson introduces the Renters Rights Bill, which has had its first reading in Parliament. This bill, previously known as the Renters Reform Bill under the conservative government, has been taken over and rebranded by the labor government. The bill is significant for both landlords and tenants. James encourages viewers to like and share the video to raise awareness about the bill and asks for respectful comments. He also mentions an ebook in the description that elaborates on the bill's contents and encourages viewers to subscribe for updates as the bill progresses through Parliament.

05:03

📜 Key Changes in the Renters Rights Bill

James discusses several key changes proposed in the Renters Rights Bill. These include the implementation of 'Awb's Law', which mandates that mold in social housing must be addressed within 14 days of being reported, and this requirement is being extended to private rental properties. The bill also aims to end bidding wars by setting a maximum rent that cannot be exceeded, allowing tenants to challenge unfair rent increases through a property Ombudsman, and limiting rent increases to once per year. James expresses concern about the 14-day window for mold remediation, suggesting it might be too short for complex issues, but overall, he supports the bill's intent to protect tenants.

10:03

🐾 Landlord and Tenant Rights Regarding Pets

The script addresses the issue of pets in rental properties. Landlords are given 28 days to reasonably consider a tenant's request to have a pet, with an expectation to accept unless there are valid reasons, such as leasehold restrictions. If a pet is allowed, landlords can require pet insurance to protect their property. James believes this section of the bill is fair and represents a win for tenants, with a reasonable trade-off for landlords.

15:05

🏡 Decent Home Standards and Financial Implications for Landlords

James talks about the 'decent home standards' requirement, where properties must meet a certain standard or face fines up to £7,000 from local councils. Tenants can also stop paying rent if their home does not meet the standard. The government estimates that 21% of properties do not meet these standards. James predicts that this, along with other changes, could lead to a significant increase in rents as some landlords may quit the market due to increased responsibilities and potential fines.

20:06

📉 Impact of the Renters Rights Bill on the Rental Market

The final paragraph discusses the broader implications of the Renters Rights Bill. James anticipates that with the abolishment of section 21 (no-fault evictions) and the introduction of a digital database for landlords, there will be a 'landlord exodus', leading to higher rents. He also mentions the potential increase in capital gains tax, which may prompt landlords to sell their properties before the deadline. James concludes by predicting that by 2025, rents will be significantly higher due to these changes, and he encourages viewers to share their thoughts in the comments and to download the ebook for more detailed information.

Mindmap

Keywords

💡Renters Rights Bill

The Renters Rights Bill is the central focus of the video, referring to a legislative proposal aimed at enhancing the rights and protections for tenants in the rental housing market. The bill is a rebranded version of the previously named Renters Reform Bill and includes various provisions to regulate the relationship between landlords and tenants. In the video, the host discusses the potential impacts of this bill on both landlords and tenants, highlighting its significance in shaping the future of the rental sector.

💡AWB's Law

AWB's Law, named after a young boy who died due to mold in his social housing, is a part of the Renters Rights Bill that mandates landlords to address mold issues within 14 days of being reported. The video explains how this law, initially applied to social housing, is being extended to the private rental sector, emphasizing the responsibility of landlords to maintain healthy living conditions for tenants.

💡Bidding Wars

Bidding wars refer to a practice where tenants compete to offer higher rent than the listed price to secure a rental property, particularly in areas with high demand and limited supply. The video discusses the proposal to outlaw this practice, ensuring that the listed rent is the maximum a landlord can charge, thereby aiming to create a fairer rental market for tenants.

💡Rent Increases

The video addresses the topic of rent increases, explaining that the Renters Rights Bill will allow tenants to challenge what they perceive as unfair rent increases. It also mentions the limitation on rent increases to once per year, which is intended to protect tenants from excessive or frequent rent hikes. This is a significant aspect of the bill as it directly impacts the financial burden on tenants.

💡Pet-friendly Policies

The script discusses changes to pet policies in rental properties, where landlords will have 28 days to make a 'reasonable' decision on a tenant's pet request. This reflects a shift towards more tenant-friendly legislation, giving tenants the right to have pets under certain conditions and requiring landlords to have justifiable reasons for refusal.

💡Decent Home Standards

Decent Home Standards are criteria that rental properties must meet to be considered habitable. The video explains that the Renters Rights Bill will empower local councils to fine landlords up to £7,000 if their properties do not meet these standards. This is part of a broader effort to ensure that tenants are provided with safe and livable conditions.

💡Landlord Ombudsman

The Landlord Ombudsman is a proposed authority within the Renters Rights Bill designed to handle disputes between landlords and tenants. The video emphasizes the importance of having an effective Ombudsman service to resolve issues in a timely manner, suggesting that an overwhelmed Ombudsman office could lead to delays and increased tensions in the rental market.

💡Section 21

Section 21 refers to a provision in current UK housing law that allows landlords to evict tenants without needing to provide a reason, known as a 'no-fault eviction'. The video discusses the government's plan to abolish Section 21 as part of the Renters Rights Bill, which could have significant implications for landlords' ability to manage their properties and for tenants' security of tenure.

💡Periodic Tenancies

Periodic tenancies are a type of rental agreement where the tenancy continues on a rolling basis after an initial fixed term. The video explains that the Renters Rights Bill will replace fixed-term tenancies with periodic tenancies, which could lead to concerns about landlords' ability to plan for vacancies and maintenance, and tenants' ability to give short notice and move out easily.

💡Landlord Exodus

The term 'Landlord Exodus' is used in the video to describe a predicted mass departure of landlords from the rental market due to the cumulative effects of the Renters Rights Bill and other financial pressures. The host suggests that this could lead to a shortage of rental properties, potentially driving up rents and affecting the affordability of housing for tenants.

Highlights

Introduction to the Renters Rights Bill and its impact on renters and landlords.

The bill's quick progression through Parliament due to the labor majority.

Inclusion of 'AWB's Law' requiring mold issues to be addressed within 14 days.

Prohibition of bidding wars for rental properties to prevent rent inflation.

Tenants gaining the right to challenge unfair rent increases.

Limitation of rent increases to once per year.

Landlords must consider pet requests from tenants within a 28-day period.

Introduction of 'decent home standards' with potential fines for non-compliant properties.

Prediction of a significant increase in rents due to the bill's regulations.

Creation of a digital database for landlords and their properties.

Banning of 'no DSS' (no social security benefits) discrimination in rental ads.

Elimination of 'no pets' and 'no children' clauses in rental advertisements.

Transition to periodic tenancies with rolling terms instead of fixed-term agreements.

Establishment of a landlord Ombudsman to handle disputes.

Abolishment of Section 21, allowing no-fault evictions, by the next summer.

Discussion on the potential 'landlord exodus' and its effect on the rental market.

Prediction of sky-high rents by 2025 due to the bill's impact on the rental market.

Call to action for viewers to subscribe, share the video, and engage with the content.

Transcripts

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hey my name is James nson welcome to my

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YouTube channel in this video I want to

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talk about the today announc this has

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already had its first reading in

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Parliament today the renters rights bill

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now this was something that nearly

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happened under the conservative

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government it was called the renters

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Reform Bill at that stage labor has

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taken this on they've rebranded it the

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renters rights Bill I'm going to put

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that on the board cuz I'm going to

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forget it and keep call it the reform

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one so it's the

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renters Renters

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Rights bill and basically this impacts

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everyone so if you rent a property this

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impacts you if you are a landlord or

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want to be a landlord at some point this

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also impacts you now what I want to do

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is ask you to smash a like button on

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this video quickly because that will get

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more viewers on this I want more people

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to know about what's happening here and

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share this video I don't always ask you

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to share this but share this share it

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with a landlord you know share it with

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tenants you'll all have different

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opinions on this I'm expecting the

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comments to go crazy on this one keep

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them respectful please uh down below but

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do put in with your opinion on what you

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think's happening here and always

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subscribe to the channel and hit the

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Bell notification uh just to get more

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updates on this as it goes through

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Parliament so the renters Reform Bill

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had the renters there you go I've

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already got it wrong the renters rights

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bill as it's now called has its first

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reading in Parliament and they are

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talking about moving this through very

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quickly now that could happen because

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labor have such a majority in Parliament

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it's going to have less hurdles and

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obstacles that it would have had in the

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previous Parliament earlier this year

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and that's why the conservatives didn't

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actually get this Complete because we

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couldn't or they couldn't get an

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agreement on everything and so I want to

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talk to you today about what's

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included I'm also going to post a link

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in the description to an ebook that you

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can grab for free that will talk about

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everything included in this so you've

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got your own copy as well so what is

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going to happen here there's a lot uh to

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go through so let's let's go through

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this now firstly um they've got included

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here something called uh it's a wobs

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law and

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aw's law uh was about a young boy who

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unfortunately passed away because the

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social housing that he stayed in was

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very moldy and it caused him to get ill

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and unfortunately he passed away this

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law was imposed on social housing

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providers and it meant that when you get

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mold in the property once it's reported

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it has to be dealt with within 14 days

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now this is getting put onto private

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land laws the same law is getting rolled

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down to the private rental sector now

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that's important that if you have a

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property as a landlord you do need to

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get that resolved that is very very

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important I don't disagree with awb's

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law as well but I do see that some

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landlords might have difficulty with

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these time um like preferences that

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we've got in this now 14 days might seem

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like a long time but if suddenly

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everyone's reporting problems it could

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be something that will be difficult to

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resolve so um it is important I'm not

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arguing with that U but I do just think

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that that the 14-day window is quite a

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short window uh to get things resolved

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sometimes mold needs like literally

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brick work cut out um tanking done all

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sorts of different things it depends uh

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so that's something that that will be

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looked at and implemented in this so

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that's uh step one um next is no bidding

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wars I don't actually come across this

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much where I have

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property but I'll explain what they mean

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by this so in some areas particularly

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cities when you go to look at a property

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to rent it it might be listed for

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£1,000 and then what the agents do is

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ask people to submit a rent offer and

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then of course people that really want

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to get that property in in areas that

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don't have enough rental stock will put

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a higher offer in in order to get that

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and it causes bidding wars in in fact

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that gets the landlord more rent which

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is good for the landlord but it's not

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really fair on tenants so that's going

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to be outlawed what you list the

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property for will be the maximum rent

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you'll be able to achieve from that so

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that haven't come across but I do know

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that it happens uh and so won't impact

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me but it will impact some landlords uh

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and that's one consideration for them so

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that's one thing that they've got to

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sort out there um they will be able to

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uh tenants will be able to challenge

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rent

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increases so what does that mean well if

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a landlord increases the rent and it

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seemed to be unfair there's no rental

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Caps or any indication that will be

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rental caps in this uh bill um but if

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the tenant feels that they're unfairly

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getting their rent increased maybe the

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landlord's increasing it to try to get

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them to leave the property that does

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happen um and so they will be able to

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challenge that with a property Ombudsman

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now what you'd need to look at there is

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is the landlord charging market rate and

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how much of a percentage have they gone

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up so let's just say they were doing 500

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quid rent and then suddenly said we now

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want 700 or 750 that's a 50% increase

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that wouldn't be seen likely as Fair

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unless

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potentially the market rate was 750 and

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maybe the landlord just didn't increase

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it for years and now needed to increase

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it that's a gray area the Ombudsman

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would be then looking at resolving that

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as an issue so tenants will get that

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ability to challenge this and that's

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giving them more peace of mind so that

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will mean tencies are better for the

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tenant which is good um you will uh be

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to only increase rent

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increases will only be allowed to

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happen

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oh once per year one increase per year

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um now you could do more than that I

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I've never done that but I I would find

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it quite hard to go back to a tenant uh

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morally and say look I'm putting your

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rent up twice in a year people are doing

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this this is because this whole bill is

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because some landlords are taking the

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mick a small percentage of landlords are

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taking the Mick and some of them are

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putting rent up multiple times in a year

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that is not fair on the tenants and

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because of that there is now this

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blanket ban that you'll only be able to

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increase rent one time per calendar year

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I don't have a problem with that myself

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I've never done it more than twice uh

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I've been a landlord for nearly 20 years

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uh I've never done two increases in one

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year so for me that's fine um where that

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could be a problem though is let's just

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say interest rates suddenly went up to

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10% and the landlord wasn't able to

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increase their rent in that scenario

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hopefully that won't ever happen but if

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it did happen then we could have a major

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problem with landlords needing to sell

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so have I covered everything on there I

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think I have on that first person night

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there's more next is Pets uh this

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one I know a lot of you in the comments

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especially the tenants have major

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feelings about this I don't have a

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problem with this either you as a

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landlord if the tenant requests a pet

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you've got 28 days to decide and it has

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to be

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reasonable that you look to accept that

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pet in the first instance and that's the

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stance is that you would look to accept

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that pet in the property now you may be

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able to not accept the pet if if you for

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example owned a leasehold flat as the

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landlord you own a leasehold flat and

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maybe in that leas hold no pets are

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allowed in the block that would be

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reasonable grounds because it would be a

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breach of the lease by the landlord to

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not accept the pet so that's interesting

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there now if they do get a

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pet the landlord can

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require that the tenant gets pet

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Insurance to protect the property of the

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landlord which is a fair and reasonable

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thing to ask and so that would be the

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tradeoff so there's a little bit of a

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win for the landlords there more of a

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win for the tenants here I think most of

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this bill is better significantly better

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for tenants uh and as I said that's

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because some landlords have absolutely

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uh let everybody down by not looking

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after their properties and being unfair

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um next this one um this one I think

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will be the one that will get all the

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headlines um well there's two parts this

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will be one of them um and that is

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decent home

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standards now what does that mean well

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what it means is that if your

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property isn't up

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to a a good standard um which will be

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deemed by the property Ombudsman um then

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you can get fined by your local Council

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£7,000 and the Tenant can stop paying

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rent in that time as well so there's

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£7,000 fine that once that passes and

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landlords start getting that point I

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think the landlords are going to get

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shamed in the papers I think that's

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going to be headlines especially in

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local papers um and so that will

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humiliate the landlords into getting

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their properties up to date now how many

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landlords don't have a decent home

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standards property well the government

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are saying

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21% of properties 21% of properties are

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not at the required standard they don't

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State what that is that's going to worry

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a lot of landlords um I think that all

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of this stuff that we've seen so far is

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going to contribute to more of a

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landlord Exodus now what that will also

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do is mean rents will rise significantly

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if you look at all the Articles around

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the renters rights Bill everybody the

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BBC Reuters everyone is saying that this

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bill is going to significantly push

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rents up that's based off the fact that

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more landlords are likely to quit

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there's more that the landlord will need

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to do to get the quality of the property

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up um and there's more risk to the

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landlord that they won't get paid or

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they'll get fined so they need to make a

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better margin in order for this to work

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for them uh so I do think that that is

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true I do think landlords are going to

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quit even more faster than we've ever

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seen but I also think that there's

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opportunity there as well I think if you

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run your properties well I think you

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could do quite well off this because

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other landlords will be out the market

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the rents will be higher there's more

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money to be made for good landlords now

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when we buy a property um I always do a

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full

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reefer sometimes back to Brick I put new

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kitchens in new bathrooms in new carpets

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in so I don't have a massive problem

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with this with the awbs law um I have

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had instances of mold in my properties

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uh literally the property down the road

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uh I had a lovely couple from India that

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live there at the moment they didn't

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really understand about the ventilation

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they haven't had to do that when they've

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lived in India they literally this is

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their first time living in the UK um and

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that required some education right just

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when you're hang your washing up open

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some windows they did that then there

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wasn't a problem so I don't think that

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you're going to get unfairly penalized

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as a landlord if you can show them that

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look maybe you got a little bit of M

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because you haven't had some ventilation

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in there open the windows every now and

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again that will be gone but if it's damp

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and it's rotten brick work and stuff

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like that then you got to fix that

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quickly um so what else is there there

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is more

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uh much much more so there is going to

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be a a digital

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database um so a digital DB um and

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that's going to include landl details

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it's going to include like what they've

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done the projects they've done the

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properties they've got um I'm not sure

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how much of that will be open to the

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public but agents will be able to see

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that for sure counselors will be able to

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see that for sure um I don't have a

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problem with that again I think for the

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bad landlords that's terrible news um

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and that's going to mean they're going

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to have to really up their game if you

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do have problems you do act as a bad

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landlord you're going to get outed by

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this so I don't think that's going to be

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great for bad landlords next um is

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benefits now you do get some right move

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houses to rent Flats to rent that you'll

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see where they say new no social no

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social that no uh

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benefits that's now going to be illegal

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to do um now I do think that people will

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get around that if I'm honest so if you

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run your property through an estate

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agent the estate agent will present you

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three or four people as options that you

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can have as a tenant um you're not going

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to be able to say that you don't want

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the person with benefits but I do still

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think that some landlords will pick the

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person that is employed right I just do

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think that that is going to still happen

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um so I don't know how they can police

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that really but it you won't be able to

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obviously push people away in your

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marketing and your advertising so that's

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something that's uh important you're not

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going to be able to uh not have people

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that have got children I've never seen

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that advertise but I guess it happens

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otherwise it wouldn't be in the bill

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right and so you won't be able to uh

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refuse someone that has children I think

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that's fine I don't have a problem with

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that in fact probably about 30% of my

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properties they have children and I

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think they're actually good tenants

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because they stay there longer cuz they

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make it a family home it's harder to

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move with tenants and stuff like that um

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what else have we got um periodic

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tencies no periodic tencies

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even oh oh periodic tencies so what does

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this mean let's say I rent a property

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now we'll get someone in my property on

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a oneyear as assured short hold tenancy

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and then each year my agent will come

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back to me and say do you want to renew

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um before you renew we need to make sure

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we got the gas safe um we need to make

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sure we got eicr up to date every 5

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years um all of those things get checked

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off at that time which is kind of good

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and then they'll say to me do you want

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to increase the rent or do to keep it as

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it is where do you feel it should be and

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normally the the agent is the one that

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guides me on that they'll say look the

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market rate at the moment is here this

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has been a good tenant though um and

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they're often on the tenant side and say

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look they paid on time they've been a

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good tenant I would advise you not to

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probably increase it or just a fraction

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uh so it's still a good deal for that

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tenant so that's um not going to happen

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anymore so they're going to get a tency

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now

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there just going to be a rolling tency

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forever right this is a worry for some

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people so the tenant can give two months

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notice at any time here's why some

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people are worried about that so what

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the concern is what I've seen a couple

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of articles in the Press talking about

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this is you could come to London for

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example and say I want to come to London

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for the summer I'll rent this property

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from somebody and pay in two months as

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soon as you move in you could give

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notice and leave so you can have your

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property for the summer and then leave

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the landlords got all the costs of

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retting the property the agent the

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marketing uh and all that kind of stuff

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so lots of landlords don't feel that

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that's particularly Fair the longer term

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periodic stuff I feel after it gets past

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the year I think that my opinion is that

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the tency should be a year first and

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then it can just go rolling I have a

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problem with that but I think both

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parties should have some commitment cuz

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it does cost a lot of money to have

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viewings done for all the legal stuff

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that you got to do for the tency checks

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the inventory like when I get my first

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month's rent from a property I probably

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only get about 15% of it there's so many

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check-in fees and all this stuff that

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just wipes out that profit I need the

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tenant to be there at least 6 months

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till I start making good money so that

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is one problem for a lot of people um

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next is the landlord

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Ombudsman I mentioned that uh but the

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Ombudsman is going to be where all

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arguments are sorted for both parties

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that could be good what's very important

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here is that the very very important at

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this stage is that there is enough

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people in the the Ombudsman to deal with

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these inquiries what you don't want is

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for both sides you don't want the tenant

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to say hey I've got a problem with this

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landlord but the ombudsman's so busy

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the first appointment is in 6 months and

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I think that could happen quite early on

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in this because it's going to get

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overwhelmed with people so they need to

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recruit and educate and get good people

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in that for that to work and let's hope

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that they do next and the last one is

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the worst one for landlords and lots of

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people I believe will quit as a landlord

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because of this and that's section 21

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being

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abolished now the government has said

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that will be gone by next next summer

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that's fast that is not long at all

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section 21 is no fault evictions it

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means that for any reason you can get

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rid of your tenant now a lot of people

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use that in unfair ways for sure that

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happens I have never even served a

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section 21 I've nearly had to when I've

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had a bad tenent that was causing

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problems but they left fortunately for

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me um but yeah you do get times where

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you might need to maybe you've got a

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tenant that's annoying people in the

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blocker Flats uh unsociable and it's

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just an easy way to get the tenant out

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without using a section eight taking

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months to go to court so section 21 is

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going to be abolished that the

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government are saying will happen by

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next summer which is really really fast

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that could happen because I said at the

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beginning labor have such a big majority

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they're going to not get much resistance

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on this they can get lots of stuff voted

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through quite quickly I feel personally

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with all of this stuff happening and the

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fact that this has happened so quickly

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after Labor got into Power you're going

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to see more landlords quit you've got

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the capital gains tax which is a big

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problem for them they've got that

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incentive to get out before March

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2025 capital gains tax is is likely to

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be announced in the budget that it's

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going to increased significantly because

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of the black hole that labor have said

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they found with billions of extra debt

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that the government's got that's a hard

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deadline and so if landlords list now

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that are thinking of about getting out

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the market they can get out and keep

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more of their profits from that so you

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could see a big landlord Exodus I've

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done a video this week where 30,000 of

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you have watched about landlords are

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listing properties faster than ever do

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go and check that out so look there's

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Lots in this bill I agree with a lot of

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it I think it's good to have better

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stuff for tenants but I also think if

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you're going to get rid of section 21

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then you need something on the back end

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of that that if I do get a bad tenant

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that doesn't pay my rent that beats my

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property up I need to be able to get rid

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of them fast right now with that section

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21 being abolished if you look at this

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bill there is nothing in there zero in

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there on Court reform how are they going

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to deal with all these extra court cases

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they're not and it's going to be a real

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difficult situation and I think the

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outcome of all of this is Sky High rents

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I think you're going to see a lot of

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landlords leave I think you're going to

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see those properties sold maybe they'll

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go to residential and those people are

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sorted but there still always going to

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be people that need to rent and they're

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going to see massively higher rents by

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2025 that's my prediction on this let me

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know what you think in the comments

play22:03

below keep it civilized guys do check

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the ebook out just grab the ebook it

play22:08

goes into detail on all of this stuff in

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there and that will be useful to have so

play22:12

just click on the link grab your ebook

play22:14

and we'll email it to you straight away

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do check out all the other content on my

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channel um thousands of you are watching

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this channel every single week now so

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subscribe so you don't lose it hit the

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Bell check out all the other content on

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okay

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