Phase 1 of the Renters’ Rights Act is now in effect. There’s no shortage of industry commentary, but as Gareth Atkins, Managing Director of Lettings, explains, the focus for landlords should be clear and practical.
Foxtons experts on the Renters' Rights Act
As Gareth explains in the following video, what matters most right now is the value of your let and how you protect it. With new rules around pricing, including the inability to accept offers above the asking price, getting the price right from the initial listing is critical. That’s why Foxtons annual property reviews, informed by real-time market data, will play an increasingly important role in keeping rents competitive and compliant.
What the Renters Rights Act means for London landlords
Where sensible pricing, quick communication and a well kept property are prioritised, tenants are far more likely to stay long term. These are the fundamentals, and new legislation just makes those fundamentals matter more than ever.
Getting it right requires professional knowledge and expertise from the first property ad and through the tenancy.
Watch the video to hear Gareth’s full perspective on what changes, and doesn't for Foxtons landlords:
For a full breakdown of the new rules, our Renters' Rights Act guide lays out exactly what's changing, clearly and simply.
Source: Foxtons draws on decades of experience across London’s lettings market, supported by real-time data from thousands of active tenancies. Our local experts combine on-the-ground insight with up-to-date regulatory knowledge to help landlords protect and maximise the value of their property. If you have a question on this article, email us to ask a Foxtons expert.
