Almost half of landlords and nearly two-thirds of tenants lack confidence in how the Renters’ Rights Act will affect them, raising concerns over readiness ahead of its rollout next month.
New research from Leaders Romans Group (LRG) found that while awareness of the legislation is high, understanding of the practical changes remains limited.
Just 5% of landlords said they are very confident in their knowledge of the reforms, compared with 9% of tenants. Overall, 44% of landlords and 64% of tenants said they are not confident about what will change.
The findings highlight a growing disconnect as the sector approaches a major regulatory shift, with the Renters’ Rights Act set to introduce periodic tenancies and increased tenant protections from May.
DIFFERING CONCERNS
Among landlords, 48% said their biggest worry is losing control over tenancy outcomes under the new system. Tenants, meanwhile, are more focused on affordability, cited by 50%, while 41% are concerned about understanding the new processes.
The changes are already influencing behaviour. Around a quarter (24%) of tenants said they expect to stay in their current home for longer as a result of the move to periodic tenancies, while half said the reforms will influence how they choose their next property.
On the landlord side, two-thirds said they plan to rely on letting agents to manage compliance with the new rules, underlining the growing importance of professional support.
BIGEST CHANGE IN A GENERATION
Allison Thompson (main picture, inset), Chief Lettings Officer at Leaders Romans Group, says: “The Renters’ Rights Act is the biggest change to the private rented sector in a generation, and this data shows that plenty of people still need support getting ready for it.
“Landlords are right to lean on their agents, and we’re well placed to help them through every step. But tenants need support too. A law designed to give renters more security only works if renters actually understand what it means for them. There is real work still to do, and the clock is ticking.”
The report comes as supply pressures continue to build in the private rented sector, with demand expected to outstrip available stock over the coming year, adding further strain to an already stretched market.
