The Housing, Communities and Local Government (HCLG) Committee has urged ministers to strengthen the proposed Shared Ownership and Tenancy Reform Bill.
The inter-party committee said in a report published today Bill It is an important step towards giving tenants more control over their buildings.
However, MPs warned that the reforms are not enough.
The committee said more action was needed on land rents, property management and service charges.
MPs called for stronger protection against excessive fees. They also urged the government to take measures to give homeowners greater control and create an independent regulatory body for property management agents.
The committee backed the government’s plan to cap ground rents for existing tenants at £250 a year. However, MPs said the cap should be implemented by the end of 2027.
The report also questioned the proposed 40-year transition period to reduce land rents to zero. MPs said a 20-year time frame could achieve a fairer balance between leaseholders, freeholders and institutional investors.
The committee recommended a formal organization of property management agents.
The report called for the establishment of an independent regulatory body with powers to punish rogue agents, including removing licences.
“Millions of tenants have waited too long for successive governments to reform the unfair rent system, cap ground rents and give homeowners control over the management of their buildings,” said Florence Eshalomi, chair of the Housing Commission.
Eshalomi added that many renters now feel trapped in homes with rising costs and concerns about being able to sell.
It also urged ministers to introduce the final draft law in the fall of 2026.
