Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Landlords Lose Out at Vast Majority of Rent Tribunals
An analysis of rent tribunal decisions in England has found that 71.6% did not result in landlords receiving the full increase requested. The research, by Cyborg Finance, also found that assessed rents rose by 6.7% overall.
According to the research, only 28.4% of rent tribunal cases decided in England in September this year resulted in landlords receiving their proposed rent increase in full.
The findings suggest that landlords pursuing rent increases through the tribunal system frequently receive less than they initially sought. For letting agents and inventory clerks, the figures show the importance of accurate rental valuations and well-documented evidence when supporting landlord clients through the tribunal process.
The analysis covers rent tribunal decisions in England and was reported by Landlord Today.
Source: Landlord Today