Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Renters Rights Act: Landlords warned over liability assumptions
An industry expert has warned landlords not to misinterpret or underestimate one critical risk emerging from the Renters Rights Act.
Paul Endacott, of the 1st Avenue agency, says a common assumption among landlords is that appointing a letting agent transfers responsibility for compliance.
What this means for agents and clerks
The warning is directly relevant to UK letting agents and inventory clerks: it points to a widespread landlord misconception about where compliance responsibility sits under the new legislation. The source article is limited in detail, so agents should read the original report for the full context of the liability warning.
Source: Landlord Today