Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Government revises figures on private renters paying rent upfront
The government has corrected its own data to show that more than one million private rented households paid rent in advance alongside a deposit in 2024–25. The revised figures come from the English Housing Survey 2024–25.
Why the figures were revised
The government updated the English Housing Survey 2024–25 on 30 September. According to Property118, the correction was made because the previous data referred to rent in advance paid during households' previous tenancies rather than their current tenancies.
What this means for agents and clerks
The revised figures show that paying rent upfront alongside a deposit is widespread in the private rented sector, affecting more than one million households in 2024–25. Letting agents and inventory clerks should note that the government's statistics on rent in advance have been revised, and that the corrected data now reflects rent in advance paid during households' current tenancies.
For full details of the revised data, readers are directed to the original Property118 report.
Source: Property118