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Landlords should use agents to beat red tape, says Experts
Wednesday 22nd January 2025
EstateAgentTODAY
Landlords need to seek the help of letting experts now more than ever before
Labour’s new Renters’ Rights Bill, which has passed its Third Commons Reading, increases the compliance burden on landlords and carries the threat of increased financial penalties for those who break the rules.
Historically, more than 80% of landlords manage their properties themselves, but with new licensing regulations and the multiplicity of compliance standards set out in this new legislation, they run the risk of hefty fines if they are caught out by the new regulations.
Measures contained in the Bill include the abolition of Section 21, so-called ‘no fault’, evictions, scrapping of ASTs in favour of periodic tenancies, the introduction of the Decent Homes Standard for privately rented homes and new rules on when landlords can implement rent increases.
The changes don’t have to come as a ‘headache’ to landlords; with a competent agent instructed the transition can be smooth and alleviate the risks of hefty fines and penalties for getting things wrong
We are happy to help at Affinity, feel free to call us to enquire about our landlord services.
The source of the this article is EstateAgentTODAY