Dispelling the top five common myths around renting in London

Myth One: Landlords can no longer evict tenants 

With the introduction of the RRA, we have seen many new rules, but the myth that landlords can no longer evict tenants is not the case. 

Landlords can evict tenants; they just can't evict using a Section 21 no-fault eviction anymore. A landlord must rely on valid grounds under Section 8, for example if a tenant is repeatedly falling behind on rent payments or displaying anti-social behaviour.  

Both landlords and tenants can reach out to their letting agent to check their rights should an eviction occur.  

Myth two: Relationships between landlords and tenants are only transactional  

Caring about properties is hugely important in this industry, but systems, processes and expertise are also essential when helping prevent problems for the landlord, tenants and the property. This is why many landlords will enlist the help of an expert agent.  

When letting agents are involved, it is easy to assume that the experience between a landlord and tenant might be more transactional or distant, but that’s not the case. 

The best agents, for both renters and landlords, prioritise clear communication, honest expectations and making things feel straightforward from start to finish. Good management should make the whole process more transparent and easier to navigate for everyone involved. 

Myth three: Landlords can increase the rent to whatever price they want  

The reality is that the RRA means rent increases aren’t a free for all. Landlords can generally only increase the rent once a year using the correct legal process and any increase must reflect the market rate for similar properties in the area. 

If a tenant believes that an increase in their rent is excessive, they have the legal right to challenge it through a tribunal. You can find guidance for this on the Gov.UK website.  

Myth four:  Tenants shouldn’t report issues in case it causes problems with the landlord 

It’s your right and responsibility as a tenant to raise any issues and concerns with your landlord or letting agent. Small issues often go unreported until they become much bigger and more expensive issues. Most of the costly repairs often start out as easy and cheap fixes. 

Tenants, landlords and letting agents should prioritise communication so that any issues are resolved quickly and smoothly.  

Myth five: Rental properties are no longer a good investment for landlords 

While costs have changed, landlords can still see solid returns when properties are priced appropriately, well maintained and managed properly. Earlier this year, KFH released its Quarterly Insights Report revealing that the average London rent is nearly 70% higher than the national average, and notes that confidence is returning to the London lettings market.  

Rental income combined with long term property value growth, can still make letting worthwhile financially. For renters, this often means better quality homes and more stable tenancies because when landlords are thinking long term, they are more likely to invest in the property rather than quick wins. With the RRA now implemented, tenants can feel more secure when renting.  

To conclude 

Amongst all the recent changes, property continues to be one of London's most dependable ways to build long-term wealth, with new legislation making renting more secure for both landlords and tenants.  

However, as new legislation is implemented and the landscape becomes more complex, it is more important than ever for landlords and tenants to engage with local experts who are best placed to advise whatever the situation.