They thought The Renters' Rights Act would cause a landlord exodus. It's done something else entirely.   It has divided UK stock into one of two types of transaction.   On one side: UK domestic stock - Domestic sellers selling to domestic buyers.   On the other: UK rental stock - Landlords selling stock to other landlords with tenants in-situ   Most EAs are good at the first. Many not so at the second.   Why?   Under the Renters' Rights Act, if a landlord removes a tenant to sell and the sale falls through, that property cannot be re-let for twelve months. Twelve months of void risk on a landlord who simply wanted to exit.   The result: landlords are increasingly selling to other landlords with tenants in situ.   For the seller, it removes the void risk entirely.   For the buyer, it means day one rental income from the moment they complete.   On paper it is a win for both sides.   But it has never been more important to understand exactly WHO and well as what you are buying.   A tenant in situ is not automatically a good tenant.   Understanding the tenant profile, the payment history, the condition of the property as actually lived in, and what the local rental market looks like at street level.   None of that comes from a Rightmove listing.   It comes from being on the ground. Meeting the tenant during the viewing. Knowing the area well enough to know whether that tenancy is an asset or a liability before you exchange.   None of that comes from a Rightmove listing.   Don't work with a 'sourcer' who presents a tenanted property without understanding who is living in it.   Work with a Partner who knows the difference between a tenant worth inheriting and one worth walking away from.   Sensible Investments, Unrivalled Support™   #TheTeacherLandlord #GoldilocksZone #buytolet

Posted by James Lovell-Smith at 2026-07-10 07:25:27 UTC