Ending fixed rate tenancies ‘most damaging part of reforms’ – survey
Summary
A Goodlord survey of the private rental sector reports that the move away from fixed-term tenancies is seen by landlords as the most damaging element of the Renters Rights Act. The article also notes that the Act has made it illegal for landlords to take more than one month’s rent in advance, which the report suggests is contributing to greater caution in tenant selection.
Why it matters
Changes to tenancy structure and rent-in-advance rules can affect letting risk, tenant referencing practices and rental market behaviour. Surveyors involved in valuation, landlord advice or residential investment will want to understand how these reforms may influence supply, demand and landlord decision-making.
Key points
- Goodlord’s State of the Lettings Industry Report is based on 3,031 respondents.
- Landlords identified the end of fixed-rate tenancies as the most damaging reform in the Renters Rights Act.
- The Act prevents landlords from accepting more than one month’s rent in advance.
- The report says landlords are becoming more cautious about which tenants they accept.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
