Awareness of the Renters’ Rights Act is rising sharply among landlords, but concerns about its practical impact are intensifying ahead of implementation.
New research from Pegasus Insight shows 75% of landlords are now aware of the legislation, up 8 percentage points on the previous quarter.
Engagement is highest among larger portfolio landlords, with 88% of those owning more than 20 properties aware of the Act, alongside 84% of limited company landlords.
Despite the growing awareness, sentiment remains cautious. Around three quarters of landlords expect the reforms to negatively impact their lettings activity, while 84% believe the wider private rented sector will be adversely affected.
GROWING CONCERNS
Concerns are centred on the operation of possession processes and the ability of the courts to cope with increased demand once the changes take effect from May.
Mark Long (main picture, inset), Founder and Director of Pegasus Insight, says: “The level of awareness we’re now seeing means the Renters’ Rights Act is no longer a future consideration for most landlords, it’s becoming part of how they assess risk and plan ahead.
“Many landlords recognise the intent behind the legislation, particularly in improving security and consistency for tenants. However, confidence in how it will operate in practice remains critical. With cases already taking an average of more than 50 weeks to be heard in the county courts, concerns about the effectiveness of possession processes are clearly front of mind.”
AWARENESS GAP
He adds: “There is also an important awareness gap to address. While three quarters of landlords are now familiar with the proposals, a significant minority remain less engaged, often smaller or long-established landlords who may not follow regulatory changes as closely as their larger counterparts.
“That creates an opportunity for brokers and other intermediaries to play a greater role in keeping landlords informed, particularly where financing conversations provide a natural point of contact.
“Where uncertainty persists, it is likely to influence how landlords approach future investment and portfolio strategy.”
