News
Six in 10 letting agents report higher compliance workloads since RRA implementation, data finds
29.2% reported a significant rise in compliance and administration work and 33.3% saw a slight increase.
The Letting Partnership
News
Rental yields near 7% in England’s strongest markets, analysis finds
Newcastle upon Tyne led with an estimated nominal yield of 6.9%, with an average property price of £208,589 and average monthly rent of £1,206.
News
Deposit registration risks increase under Renters’ Rights Act, The Letting Partnership warns
Deposit protection data found that letting agents are now responsible for handling an estimated 69.5% of all protected tenancy deposits.
News
41% of letting agents unaware of rent rule changes days before RRA takes effect
Research from The Letting Partnership found that 41% of letting agents were unaware they will no longer be allowed to accept rent before a tenancy agreement.
Rental Market
Majority of letting agents fail to clearly display client money protection certification
38% clearly displayed a valid CMP certificate, while 62% did not have one visible or clearly presented online.