Landlords aware of RRA but want more guidance

Landlords are very aware of the upcoming Renters’ Rights Act, but uncertainty persists around how the framework will operate once in force.

The survey by Paragon Bank found awareness of the new law at 98%.

However, 73% of landlords said they remain unsure about parts of the legislation, or most of it.

Only 26% consider themselves fully across the measures.

Landlords grappling with change

Paragon’s lending director of mortgages, Lisa Steele, said: “While it is encouraging to see such high awareness of the Renters’ Rights Act, our research shows many landlords are still grappling with how the changes will work on the ground.

“Landlords want to comply and continue providing good quality homes, but achieving this will depend on having clear, consistent and practical guidance.”

She added: “A well-functioning private rented sector depends on regulation that works for both tenants and landlords.

“Ensuring landlords fully understand their responsibilities will be critical to delivering the intended benefits of the reforms, while avoiding unintended consequences such as reduced supply or uncertainty among responsible investors.”

More RRA help needed

Paragon says three-quarters of landlords said they feel broadly prepared for the changes.

Though six in 10 expect they will require more help to meet the Act’s requirements in practice.

Landlords most often pointed to the need for grounded, operational guidance.

Also, day to day application of the rules ranked highly, alongside compliance mechanics and eviction processes.

There were also calls for ongoing updates as further guidance emerges.

EPC expectations worry landlords

Energy efficiency expectations were referenced repeatedly by landlords in the survey.

So too was demand for practical documentation, particularly tenancy templates and notice paperwork aligned with the new system.

Helplines, structured training and webinar briefings were all identified as useful routes for working through the transition.

Paragon has responded by launching an online Renters’ Rights Act hub aimed at landlords and intermediaries.

It offers written guidance, insight material and podcast content that many private landlords may find helpful.