Rightmove is making what it calls “significant updates” for lettings agents ahead of the Renters Rights Act.
This is a bid to help agents cope with the administrative and compliance demands across both new and existing tenancies.
Other changes include a major overhaul of the Rightmove Plus dashboard.
Rightmove’s Tenancy Manager digitises and automates the tenancy set up and payment process for agents – the portal claims it saves agents over six hours a week on average.
These updates include a Renters Rights Act tenancy agreement; processes to inform existing tenants of tenancy agreement changes; an updated offer letter to reflect changes in tenancy agreements; evidence backed rental data so letting agents can be sure that they are pricing rent reviews correctly; and referencing criteria to reflect the changing requirements of following the removal of rent up front and tenancy terms
The new updates will mean it now provides what it describes as “a clear Renters Rights ready workflow” ensuring agents meet their obligations and remove the risk of errors, at a time when new regulatory requirements are adding to the operational demands.
Significant updates are also rolling out to the Rightmove Plus dashboard, aimed at giving agents a clearer and more immediate view of branch performance and bringing key data to the forefront.
Market share comparisons across lettings metrics have also been made easier to access.
The dashboard has also been updated for sales, providing an instant snapshot of key metrics such as available stock, price reduction rate and fall throughs, as well as a new visual sales funnel to give agents clearer visibility of their sales journey.
