Landlords more nervous about compliance red tape, warns agent
Summary
An agency briefing on the Renters Rights Act drew strong landlord attendance, reflecting heightened concern about the compliance burden introduced by the legislation. The article says landlords are particularly focused on regaining possession where issues arise and on using insurance to manage risks such as lost rent, court costs and delays.
Why it matters
Residential property surveyors working in lettings and landlord support need to understand the practical compliance pressures created by the Renters Rights Act. The article signals increased demand for advice on process, risk management and property management systems.
Key points
- 110 landlords attended an online briefing on the Renters Rights Act
- Landlords are reportedly nervous about increased compliance requirements
- Concerns include regaining possession when something goes wrong
- Insurance is being considered to mitigate loss of rent, court costs and time
- Lettings teams in Essex and Suffolk are said to be busy helping clients adapt
Organisations:
Boydens
Regulations:
Renters Rights Act
Locations:
Essex, Suffolk
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