Private Rented Housing: Letting Agents

Department for Levelling Up, Housing and Communities written question – answered at on 27 February 2024.

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Photo of Neil Coyle Neil Coyle Labour, Bermondsey and Old Southwark

To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an assessment of the impact of the Renters (Reform) Bill on relocation agents.

Photo of Jacob Young Jacob Young Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

The Renters (Reform) Bill will deliver a fairer, more secure, and higher quality private rented sector that is fit for the 21st century. The Impact Assessment for the Bill considers the impact on letting agents (which includes relocation agents).

It estimates that as a result of familiarisation costs and more stable private rented sector tenancies, letting agents will face costs of £1,085 per agent per year over the ten-year appraisal period. The reforms may also create new opportunities for letting agents, such as services which support landlords to meet their new requirements.

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