Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.
Landlords to Become More Selective Under Renters Rights Act, Poll Finds
A new poll of National Residential Landlords Association (NRLA) members indicates that landlords are likely to become more selective about tenants as a result of the Renters Rights Act. The research, conducted by Pegasus Insight, found that 78% of landlords surveyed expect the Act to influence their tenant selection process.
According to the report, renters with poor credit histories, fluctuating incomes, or limited access to guarantors may face increased difficulty in securing a home. The findings suggest that those already struggling to access the private rented sector could be most affected by these changes.
The poll highlights concerns within the UK property sector about the potential impact of the Renters Rights Act on tenant accessibility. Letting agents and inventory clerks may need to be aware of increased scrutiny in tenant referencing and selection as landlords respond to perceived risks.
Source: Landlord Today