An investment company boss says the Renters Rights Bill is long overdue and will professionalise the lettings sector.

Stephen Moss, chief executive of investment business Sourced, says the Bill is the kind of reform the industry should have embraced years ago, 

“We’ve consistently urged landlords not to panic. We have never bought into the idea that the Bill is a threat to professional lettings. On the contrary, we believe it will benefit the industry by reducing the number of rogue landlords and allow premium positioning for those quality agents who put people above profits” says Moss.

He highlights in particular that replacing fixed term assured tenancies with periodic tenancies will help encourage long-term relationships, claiming that good tenants who feel secure in their home stay will longer, pay reliably and are more likely to maintain their accommodation. 

Moss continues: “We also support the abolition of Section 21, as we believe that for too long this has been used as a crutch by those problem landlords who are happy to allow their properties to deteriorate. Landlords who rely on eviction threats rather than good service to retain tenants will now be forced out of the market. 

“In our experience, professional landlords have rarely needed Section 21 because tenants who feel happy and secure in their accommodation are unlikely to deliberately cause problems. Quality standards and thorough vetting of tenants and relationships will now be essential, rather than an option, and that can only be good for the industry.”

The Bill concluded its Parliamentary passage last week and is expected to become law within a matter of days. Implementation dates for specific measures have yet to be made, and it is thought the majority will be at different points during 2026.