Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Legal Group Warns Letting Agents of Overlooked Risks Beyond Renters Rights Act
A new legal organisation has cautioned that legal advice to the lettings sector focusing on the Renters Rights Act may be missing a key threat. Edward Romain, founder and chief executive of Blind Justice UK, has highlighted this concern in a piece for the Legal Futures website, as reported by Letting Agent Today.
According to the report, legal advice for rental sector clients has largely centred on issues such as periodic tenancies, the end of fixed terms, and the abolition of section 21. Romain suggests that these topics have dominated the guidance provided to letting agents and others in the sector.
Letting agents and inventory clerks are advised to be aware that focusing solely on the Renters Rights Act and its well-publicised changes may leave them exposed to other, potentially significant, legal risks. The article does not specify what these other risks are, but it notes the importance of broadening the scope of legal advice within the lettings industry.
Source: Letting Agent Today