A new industry report suggests that the upcoming Renters Rights Bill could boost business for letting agents, as more landlords turn to professionals to navigate the growing legislative maze.

The analysis, by software firm SME Professional, draws on Scotland’s experience following the Private Housing (Tenancies) (Scotland) Act 2015 — which abolished Section 21-style evictions, ended fixed-term tenancies, tightened possession grounds, and introduced mandatory landlord registration.

Implemented in 2017, these reforms were initially seen as a threat to landlord and agent viability. But SME’s data — backed by the Scottish Association of Landlords — shows the opposite.

Chief executive John Blackwood says:

“The growing legislative burden on agents in Scotland has not led to a reduction in managed properties. On the contrary, agencies have seen a slight increase in their overall portfolios. Many landlords have opted for professional management services, strengthening agency business.”

SME’s managing director Fraser Sutherland adds:

“Scotland’s experience demonstrates that robust tenant protections need not harm the rental market or agency businesses. These changes could actually boost demand for professional services and foster a more stable, well-regulated market.”

The report highlights a surge in revenue potential: over 60% of Scottish landlords reported annual rent increases in 2024 — up from just 8% in previous years — with more properties achieving full market rent.

Contrary to fears of market contraction, Scotland’s private rented sector expanded post-reform, with longer tenancies and high landlord satisfaction. SME argues this shows the English market can adapt — and even thrive — under the Renters Rights Bill.

Read the full report: SME Professional – Renters Rights Bill vs Private Housing Act

Agent Action Points

• Upskill on compliance – anticipate new processes, notices and possession rules.

• Promote your expertise – market yourself as the solution for overwhelmed landlords.

• Review fee structures – ensure pricing reflects higher compliance workload.

• Build landlord resources – guides, webinars and updates will set you apart.

• Track market shifts – use data to advise on rent reviews and tenancy lengths.