Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Rent Tribunal Cases Rise Sharply After Renters’ Rights Act
New data indicates a surge in rent tribunal cases since the introduction of the Renters’ Rights Act. Industry experts have highlighted that the Act has shifted the balance of power towards tenants.
According to Property118, data from Hamptons reported by The Times shows that property tribunals made 166 market rent decisions in July, compared to 44 previously. This increase follows the implementation of the Renters’ Rights Act.
The rise in tribunal cases is relevant for UK letting agents and inventory clerks, as it may impact how rent increases are managed and challenged. The shift in the balance of power towards tenants could also affect the way agents and clerks handle disputes and documentation.
Source: Property118