Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Study Finds Renters Rights Act Driving Professionalism in PRS
A new study claims that regulation such as the Renters Rights Act is making the private rental sector (PRS) more “operationally disciplined.” According to Handelsbanken’s fifth annual Property Investor Report, professional landlords are increasingly adopting clearer operating models, tenant strategies, and investment plans.
The report states that landlords are behaving more like larger businesses, moving away from a casual, opportunistic approach to property investment. In response to the Renters Rights Act, 59% of respondents to the study say they are tightening their tenant selection criteria. Additionally, 56% report investing more in property condition or amenities, while 44% are considering raising rents earlier than previously planned.
These findings highlight a shift in landlord behaviour, with a focus on professionalism and structured management within the PRS. The changes may have implications for letting agents and inventory clerks, as landlords seek to improve property standards and refine tenant selection processes.
Source: Letting Agent Today