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London Landlord Evicts 130 Units Before Renters' Rights Law

Financial Times Companies •
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A London landlord has launched a wave of evictions affecting 130 residential units across its portfolio before new renters' protections take effect in May. Criterion Capital, founded by billionaire Asif Aziz, served notices at properties in Colliers Wood, Croydon, and New Malden, according to a company spokesperson.

Aziz, a prominent West End figure, has faced mounting criticism over the evictions. London Mayor Sadiq Khan demanded urgent clarification from Aziz, opposing the use of no-fault evictions at scale. The Labour government's Renters Rights Act, which bans such evictions and changes tenancy terms, is set to transform the rental market.

Local residents and politicians have condemned the moves, with one MP comparing the process to 'fire & rehire' tactics. The controversy highlights tensions between landlords and tenants as the rental market braces for sweeping regulatory changes. Criterion's $6 billion portfolio includes high-profile central London properties, and the company maintains the evictions are routine asset management rather than a response to upcoming legislation.