After 1st May 2026, any private landlord proposing to let residential property must quote the asking rent and cannot accept anything above the quoted figure. But don’t be tempted to overprice the accommodation, because there is a catch. In an echo of the old Rent Acts, section 7 of the Renters’ Rights Act gives an incoming tenant up to 6 months to apply to a first tier tribunal for the rent to be reduced from that originally negotiated. So don’t be caught out. Overpricing will deter good prospective tenants whilst at the same time exposing you to the mercy of the wiseguys.
So save yourself the hassle. And remember that you heard it here first.
BRUCE AND HOLLY 