Preparing for the Renters Reform Bill: Why Letting Agents Should Act Now
Landlords and letting agents will soon be required to ensure properties meet the Decent Homes Standard, with responsibility for repairs shifting from tenants to landlords. Discover how assessing tenant vulnerability during interim property visits can help you stay compliant and avoid penalties when the legislation comes into effect.
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The new Renters’ Rights Bill means letting agents must adjust to a landscape without Section 21, shifting tenancies to a periodic model. This requires rethinking service offerings and fee structures, especially for let-only and renewal services. Many agencies are moving away from let-only options, introducing fixed fees or a fully managed service model to ensure continuous income. Agents must also prepare landlords for new standards on pets, property conditions, and tenant management, ensuring compliance and adapting to tenants’ rights effectively.
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