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.
Third of Landlords Not Raising Rents Despite Reforms
A third of landlords — 32% — have said in a survey that they plan to 'leave rents as they are.'
The findings come from the Deposit Protection Service's regular survey of over 1,000 landlords and tenants. The survey took place within days of the Renters' Rights Act coming into force on May 1 this year, though the results have only been released this week.
For letting agents and inventory clerks, the survey offers a snapshot of landlord sentiment at a significant moment for the private rented sector, as the sector adjusts to the new legal framework introduced by the Act.
Source: Landlord Today