UK estate agents tighten tenant vetting under new regulations
The Negotiator
Recent data reveals that half of UK letting agencies are adopting a more defensive stance toward prospective tenants. This shift in risk appetite follows legislative changes introduced by the Renters Rights Act.
The PropAtlas take
Agencies must ensure their tenant referencing software is capable of handling more rigorous background verification to mitigate potential voids. Selecting robust screening tools will become a core operational necessity under this new regulatory framework.