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Paper reporting and management could be prohibiting agents’ growth

Using paper, spreadsheets and other legacy payment administration processes could be prohibiting letting agents from growing their businesses, according to PayProp. The automated rental payment provider says agents who digitise parts of their payment processes and partner with the right PropTech providers could expand their lettings book without...
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PayProp: Continued government focus on PRS is a positive

The government’s focus on the rental sector should be considered positive by those working in the lettings industry, according to automated rental payment provider PayProp UK. The lettings industry supplier says the move towards increasing regulation of the private rented sector (PRS) shows just how integral a part...
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New minimum energy efficiency laws for landlords

Landlords have just under six months to ensure their rental properties meet the new Minimum Energy Efficiency Standards (MEES). Portico London estate agents explain how the new MEES will work in regards to EPC ratings, the impact the rules will have on landlords, and the steps that you...
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Jobs boom pushes serious rent arrears down 4%

Fewer tenants are falling into serious rent arrears thanks to the improving employment market, according to letting agents Your Move and Reeds Rains. In absolute terms, just 86,200 tenants across the UK are more than two months behind in their rent. This compares to 89,300 in the previous...
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Cost of renting one-bed property soars in UK

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages. The average cost of a new tenancy on...
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Housing Bill should also include rogue tenants list, says AIIC

The Housing and Planning Bill, which includes measures to tackle criminal landlords and letting agents, should also address the issue of problem tenants, according to the Association of Independent Inventory Clerks (AIIC). Included in the Bill are proposals to ban and fine criminal landlords and letting agents, introduce...
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