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 Rejecting More Tenants, Analysis Suggests
A new analysis indicates that, four months into the Renters Rights Act, its unintended consequences are becoming clear. According to the report, landlords are rejecting more tenants as a result of the legislation.
The findings come from new data published by The Lettings Hub, which shows a shift in landlord and tenant behaviour. The report states that many in the industry predicted this change during the Act's passage through Parliament, but that MPs ignored those warnings.
What this means for agents
Letting agents and inventory clerks should be aware that tenant referencing outcomes may be shifting as landlords adjust to the new law. Agents may wish to review the full analysis from The Lettings Hub to understand how landlord behaviour is changing in practice.
The source article is brief, and further detail on the data is available via the original report.
Source: Landlord Today