The professional body
for the property sector

194 agents have incurred penalties totalling over £1 million for breaches identified by HM Revenue and Customs between October 2024 and March 2025. The vast majority are a result of failing to register for Anti-Money Laundering (AML) supervision on time – the most common reason agents are fined. This highlights how important it is for property professionals to understand the rules, apply correctly, and maintain an up-to-date registration with HMRC.

July 2025 will see the first EICRs expire following the Electrical Standards in the Private Rented Sector (England) regulations coming into force in July 2020 for new tenancies and April 2021 for existing tenancies. Approaching expiry dates should be checked to allow time to arrange contractors and inspections, and any follow-up actions should be suitably recorded.

Upward-only rent reviews will be outlawed in new leases across England and Wales under the English Devolution and Community Empowerment Bill. Concerns have been raised by the sector about how this move could affect property values and investor confidence. Plus, a shift of this magnitude requires careful implementation to prevent unintended consequences for future development and commercial supply.