Rightmove is launching a raft of initiatives to prepare for the Renters Rights Bill, set to win Royal Assent within days.
First of is a webinar tomorrow at 10am with leading UK property lawyer David Smith and Theresa Wallace, compliance director at Savills.
The second of this two-part series will be led by Susie Crolla, managing director of The Guild of Letting & Management and David Gibb, operations director at Dwello Properties, at 10am on September 24.
Agents can register for the webinars here for tomorrow’s event.
Rightmove has also developed a new training course for agents to help them stay compliant with bitesize videos summarising the key changes. The course will launch once the Bill receives Royal Assent and becomes law.
The course will take agents through the key changes in the Renters’ Rights Act and how they affect lettings practices, as well as how to communicate these changes to landlords and tenants.
This autumn’s focus on the anticipated Renters Rights Act follows new insights from landlords, which highlight the challenges and frustration caused by legislation changes.
Some of the key findings include:
- One in three landlords say they are considering exiting the market at some point in the future;
- Legislative changes such as new taxation and regulation (68%) topped the list of landlord frustrations which is driving some to plan on decreasing their property portfolio over the next year;
- Only 43% of landlords surveyed said they felt fully aware of Renters’ Rights and prepared for the changes, while more than one in five (21%) had either low or no understanding of it;
- However, landlords are aware of the cost of getting it wrong, and 92% of landlords said staying compliant with legislation is a top priority
Christian Balshen, Rightmove’s director of agency partnerships, says:“This panel brings together some of the lettings industry’s leading experts, reflecting the scale of change the Renters’ Rights Bill is set to bring for letting agents. I’d strongly encourage our partners to attend if they want to understand how to prepare in a way that creates the greatest positive impact for their business.”
