Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlords tighten checks and demand guarantors
Almost four in 10 landlords have tightened tenant referencing or affordability checks since the main Renters’ Rights Act measures took effect, while 32% now ask for a guarantor where they previously did not. The findings come from property management software firm August’s latest Landlord Survey, which questioned 276 UK landlords.
The survey found that 39% had tightened checks, rising to 41% among a subset of respondents.
For letting agents and inventory clerks, the results point to more rigorous tenant vetting and additional financial safeguards in the wake of the Renters’ Rights Act.
Source: Property118