Landlords pay £5k extra cost for Renters’ Rights Act
Summary
A survey of around 200 landlords and property investors suggests the Renters’ Rights Act has already added a median £5,000 in costs, with respondents citing higher borrowing, maintenance, insurance and compliance expenses. The findings also indicate that some landlords are responding by raising rents, prioritising lower-risk tenants, delaying upgrades, selling properties or taking homes out of the rental market.
Why it matters
Residential surveyors working in the private rented sector may see the effects of these cost pressures in changing landlord behaviour, deferred maintenance and altered investment decisions. The article also points to potential implications for stock quality, tenant selection and the pace of property improvements.
Key points
- Survey respondents reported a median £5,000 in additional costs linked to the Renters’ Rights Act.
- Landlords cited higher borrowing, maintenance, insurance and energy-efficiency upgrade costs.
- 40% said they are prioritising lower-risk tenants amid tougher eviction rules.
- 46% said higher costs have delayed upgrades or improvement works.
- Some landlords are selling properties or leaving the rental market.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
