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.
SpareRoom: Renters Rights Act Driving More 'Room Only' Tenancies
Property website SpareRoom claims more landlords are offering 'room only' tenancies, and that fewer flatsharers are being allowed to choose who they live with.
The claim is linked to the Renters Rights Act in England. Under the Act, if one person named on a joint assured tenancy gives valid notice, it will usually end the tenancy for everyone named on the agreement.
For letting agents and inventory clerks, the report points to a possible shift in how shared housing is let and managed in England. The source does not include figures, dates or named spokespeople beyond SpareRoom's claim.
Source: Letting Agent Today