Managing a rental property successfully - and legally - demands considerable time, effort, and expertise. That's why many landlords choose to work with a qualified letting agent, particularly if they juggle other work commitments.

If you're managing your property independently, here’s what you’ll need to handle:

Understand the law: There are over 400 rules governing the lettings industry, and keeping up with legal changes, both nationally and locally, is crucial. Some updates, such as local authority licensing schemes, can easily go unnoticed but carry significant consequences if ignored.

Find and vet tenants: Effective marketing, background checks, and referencing are essential to secure reliable tenants.

Respond promptly to tenant requests: Dealing with queries, issues, and emergencies is a key part of maintaining a positive tenancy.

Conduct regular property inspections: Identifying potential problems early can save time and money in the long run.

Manage maintenance and safety checks: Ensuring qualified tradespeople carry out required repairs and legal safety inspections is essential for compliance.

Track rent payments: Keeping records and following up on late payments can be time-consuming but is critical.

Handle tenancy endings and evictions: Knowing the correct legal processes for ending tenancies is vital to avoid disputes.

A reputable letting agent will have the systems and knowledge to manage these responsibilities efficiently. While there’s a cost involved, the time saved and reduced risk of legal errors can make it a worthwhile investment.

Are you ready for the Renters' Rights Bill Changes?

For landlords, 2025 will bring significant changes as the Renters’ Rights Bill (RRB) is expected to pass shortly. This will bring the largest changes to the private rental sector in a generation.

Just some of the key changes will include:

• Fixed-term tenancies replaced by a new periodic tenancy model.

• Section 21 'no-fault' evictions removed as a means of ending a tenancy.

• Section 8 revisions requiring stricter criteria and longer notice periods for rent arrears.

• Limits on rent increases to prevent unfair rises.

• Introduction of a Decent Homes Standard with clear legal requirements for property conditions.

• Updated discrimination laws and new rules around accepting pets.

• Increased penalties for non-compliance with legal requirements.

• Mandatory landlord registration on a new PRS portal and membership with an ombudsman scheme.

With so many new rules on the horizon, even experienced landlords may find it hard to implement and keep on top of these changes that will hit quickly.

It is highly beneficial to work with a qualified agent - such as a Propertymark or RICS member – who have been trained on these upcoming changes and can ensure compliance when issuing new contracts or re-letting properties.

If you'd like to discuss how our services can help you stay compliant and manage your property effectively, get in touch with your local Leaders branch today.

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