Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
TPFG Reports Growth in Landlord Enquiries Ahead of Renters’ Rights Act
The Property Franchise Group (TPFG) has reported a rise in enquiries from landlords seeking professional property management services ahead of the implementation of the Renters’ Rights Act. The company expects the Act, due to come into force in May 2026, to increase regulatory and operational demands on self-managed landlords.
In a trading update ahead of its AGM, TPFG, which owns the Belvoir and Martin & Co franchises, stated that the upcoming legislation is likely to create new opportunities for professionally managed operators. The board described this as a medium-term growth opportunity for its franchise network.
Chief Executive Gareth Samples noted that the company is receiving enquiries from self-managed landlords looking for support with compliance and property management. This trend follows landlords tightening tenant selection as the sector prepares for the new regulatory requirements.
Earlier this month, more than two million landlords and their agents were warned about potential £7,000 fines for failing to provide tenants with a mandatory information sheet required under the Renters’ Rights Act. Freedom of Information data highlighted a significant gap between the number of downloads of the mandatory document and the total number of landlords in the market.
Financial Performance and Sector Trends
TPFG reported adjusted profit before tax of £31 million in 2024, up from £22.3 million in 2023. Group revenue increased to £84.3 million, compared to £67.3 million the previous year. In January, the company acquired a controlling stake in a financial services company linked to the Mortgage Advice Bureau, expanding its mortgage advisers team to over 300.
The report notes that fragmented data systems are increasing costs for landlords, while regulatory compliance is becoming more complex. The Renters’ Rights Act is described as one of the most significant changes to the private rental sector in recent years, with implications for how landlords manage properties and interact with tenants.
Source: PropertyWire