Landlords plan stricter tenant checks as new Act approaches
Original Article Summary
Nearly 70% of landlords intend to implement more rigorous tenant vetting procedures ahead of the Renters' Rights Act coming into force on 1st May. A survey of 500 landlords found that 69% will introduce more in-depth checks to reduce eviction risks. The post Landlords plan stricter tenant checks as new Act approaches appeared first on PropertyWire.
PropMatch Curated Analysis
69% of landlords plan stricter tenant vetting ahead of the Renters' Rights Act (effective May 1st), with 53% considering rent increases and 65% calling for faster court processes to address eviction delays.
Investor Relevance
Critical for all landlords as it requires immediate operational changes to tenant screening, potentially affects rental yields through increased costs and rent adjustments, and fundamentally alters risk management strategies post-Section 21 abolition.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights