Question to the Department for Levelling Up, Housing & Communities:

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.

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.