Editor's note: This brief was summarised by The Property AI Team from a report by The Negotiator. Read the original article for full details.
Rents Up in Most Regions Since Renters’ Right Act
Rents have climbed in most regions since the implementation of the Renters’ Right Act, according to a report by The Negotiator. The article notes that Marc von Grundherr of Benham and Reeves attributes this to pent-up tenant demand being released after the Act came into effect.
Letting agents and inventory clerks may wish to monitor these changes in the rental market, as regional rent increases could impact tenancy agreements and property management processes.
Source: The Negotiator