How Letting Agents Can Adapt Their Services and Fee Structures Under the Renters’ Rights Bill
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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