The government has ended the uncertainty over the start of the lettings sector’s compulsory redress regime with the news that it will begin on October 1.
The number of landlords - amateur and professional - offering short-term lets has trebled in the last year according to a rental website.
A local authority is shortly ending an amnesty under which landlords could seek an HMO licence even if they should have had one already.
Pet owners are more likely to rent, will take up longer tenancies and pay more rent - so it is poor business sense to exclude them, according to LetRisks.
Agents and landlords secure higher returns by focusing on towns and cities with a younger population willing to pay for furniture to be provided, rather than rural areas and smaller towns where renters are typically families with their own furniture.
Over a third of landlords pay no set-up fee at all to their letting agent - in stark contrast to a small number who pay in excess of £300.
The Guardian newspaper has made an outspoken attack on the industry claiming that “anyone can set up as a letting agent, without qualifications or licensing” and that once established their work is effectively “to own a printing press of made-up fees.”
The easyProperty online lettings service already has 10,000 homes pre-registered by landlords and aims to let between 4,000 and 5,000 homes each month.
Around 30 lettings agencies have started using a scheme which allows individuals to ‘earn’ positive online reviews that demonstrate they would be responsible and low-risk landlords and tenants.