Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Propertymark: Tribunals Need Hard Evidence Before Rent Rises
Propertymark is warning letting agents that hard evidence, accurate property descriptions and a realistic assessment of a property's condition are all required before a rent rise can be implemented.
The trade body says it examined First-tier Tribunal decisions made in August and September involving properties in Leeds, Manchester, Ashton-under-Lyne, and London.
The warning is relevant to letting agents handling rent increase notices and to inventory clerks whose reports may form part of the evidence base when a case reaches a tribunal.
Source: Letting Agent Today