Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Agents Win New Business as Renters Rights Act Intimidates Landlords
The proportion of rental properties using letting agents has reached its highest level in two years. According to Letting Agent Today, agents are winning new business as the Renters Rights Act intimidates landlords.
Landlords are increasingly turning to letting agents, with the share of rental properties managed through agents now at a two-year high. The headline attributes this shift to landlord concerns around the Renters Rights Act.
For letting agents and inventory clerks, the development points to a growing pipeline of managed properties, and potentially greater demand for professional services such as inventories, check-ins and compliance support. The source does not provide further detail on the scale of the increase, regional variation, or the specific provisions of the Act driving the trend.
Source: Letting Agent Today