Landlords preparing for May's implementation of the Renters' Rights Act say uncertainty around how the rules will work in practice remains a key concern.
Research by Paragon Bank involving more than 500 landlords found that awareness of the Act is already widespread.
It found that 98% of respondents say they know about the legislation.
However, landlords’ understanding of the detail is less certain with 73% admitting they remain unsure about some or most aspects of the Act.
Just over a quarter (26%) believe they fully understand how the changes will operate once introduced.
Landlords want to learn
Paragon's lending director of mortgages, Lisa Steele, said: "While it is encouraging to see such high awareness of the Renters' Rights Act, our research shows many landlords are still grappling with how the changes will work on the ground.
"Landlords want to comply and continue providing good quality homes, but achieving this will depend on having clear, consistent and practical guidance."
She added: "A well-functioning private rented sector depends on regulation that works for both tenants and landlords.
"Ensuring landlords fully understand their responsibilities will be critical to delivering the intended benefits of the reforms, while avoiding unintended consequences such as reduced supply or uncertainty among responsible investors."
Most landlords are ready
When asked about being ready for the new rules, around three-quarters of landlords say they feel broadly ready to comply.
Though six in 10 say they will need extra help to do so effectively.
Day-to-day application of the legislation was one of the areas most frequently raised by respondents.
Landlords said they want clearer explanations of how the rules will affect routine tenancy management.
Compliance procedures and eviction processes were also highlighted as areas where further guidance is needed.
Renters' Rights information
Updates on how the legislation may evolve were also requested, alongside practical information on energy efficiency requirements.
Some landlords highlighted the need for usable templates covering tenancy agreements and statutory notices.
Access to direct advice is also seen as being valuable, including helplines and training sessions.
Also, webinars focusing on how landlords can adapt to the new framework were identified as useful forms of support.
Paragon's information hub
In response, Paragon has launched a dedicated Renters' Rights Act hub aimed at providing information for landlords and brokers.
It includes guides, checklists, industry insight and podcasts.
The lender adds that the available information will be updated in line with the implementation of the Act.
Updates will also feature new information being published by the government.
Student landlords and the Act
The managing director of Accommodation for Students, Simon Thompson, said: "It should come as no surprise that landlords, which will include student landlords, say they want clearer information on how the legislation will apply for day-to-day tenancy management.
"Most landlords want more help with compliance requirements and eviction processes.
"It's also a good sign that landlords want guidance on energy efficiency rules and practical templates for tenancy agreements and notices."
He added: "For student landlords, the survey highlights the importance of understanding how the Renters' Rights Act could affect tenancy structures, possession processes and compliance obligations as the reforms get closer."
