From today, Phase 1 of the Renters’ Rights Act is 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.
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 asking, getting the price right from the outset 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.
Where sensible pricing, quick communication and a well kept property is prioritised, tenants are far more likely to stay long term, legislation doesn’t change that. In fact, it makes those fundamentals matter more than ever.
Watch the video to hear Gareth’s full perspective on why, for Foxtons landlords, today should feel like any other.
