Becoming a landlord for the first time can be a rewarding investment, particularly in a city with demand as strong as Cambridge. But letting a property carries real legal responsibilities, and the rules have changed significantly in the past year. With the Renters' Rights Act now in force, starting on the right footing matters more than it ever has.
The Renters' Rights Act came into force on 1 May 2026 and reshaped the private rented sector. Section 21 "no-fault" evictions have been abolished, and tenancies are now periodic assured tenancies rather than fixed-term shorthold ones. To regain possession of your property you need a valid legal ground, such as intending to sell or move in, and must follow the correct process. The Act also introduces a landlord database and rules around rent increases and tenant requests such as keeping a pet. If that sounds daunting, a good letting agent will keep you compliant.
Compliance is not optional, and getting it right protects both your tenants and you. Before you let, make sure you have:
A clean, well-presented and well-maintained property lets faster and attracts better tenants. Pricing matters just as much: research what comparable homes in the area actually achieve, and set a realistic rent. Overpricing tends to backfire, leaving the property empty while you hold out for a figure the market will not pay.
You can manage a rental yourself or use a managing agent to handle marketing, referencing, inventories, compliance and day-to-day issues. Self-managing saves the fee but takes time and up-to-date knowledge of the law, and with the recent changes that knowledge matters more than ever. Many first-time landlords choose a managing agent precisely so nothing slips through the cracks.
The headline rent is not all profit. Set aside for maintenance and repairs, landlord insurance, safety certificates, periods when the property may sit empty, and tax on your rental income. Bear in mind, too, that mortgage interest is treated as a tax credit rather than a deductible expense, which changes the sums for higher-rate taxpayers. Going in with realistic figures keeps your investment on solid ground.
Letting your first property is very doable once the essentials are in place: know the new law, get the property safe and compliant, price it sensibly, decide how much to manage yourself, and budget with your eyes open. Done properly, it can be a genuinely rewarding investment. Thinking of letting for the first time? Our lettings team will keep you the right side of the new rules, so do give us a call.
The Renters' Rights Act introduces a landlord database, so registration is part of the new framework. Requirements are being phased in, so check the current position or ask a letting agent to keep you compliant.
At a minimum, a valid Gas Safety Certificate, a current EICR for the electrics, and an in-date EPC meeting the required standard, along with working smoke and carbon monoxide alarms and a protected deposit.
Yes, but only on valid grounds through the Section 8 process, for instance if you intend to sell or move in, or where the tenant is in breach. You will need proper evidence and to follow the correct procedure.
