Industry franchise giant points to “attractive opportunity” from Renters’ Rights Act
TPFG led by Gareth Samples has seen an increase in enquiries from landlords since the Act came into force.
The Property Franchise Group sees the Renters’ Rights Act as an “attractive growth opportunity” as landlords sign up for a property management service.
In a trading update ahead of its AGM, the franchise giant owner of Belvoir and Martin & Co, said it is receiving a rise in the number of enquiries from landlords.
Attractive opportunity
“The Board expects the implementation of the Renters’ Rights Act in May 2026 to increase the regulatory and operational burden on self-managed landlords, creating a meaningful opportunity for professionally managed operators such as TPFG,” the group led by Chief Executive Gareth Samples (pictured) announced.
“The Group is already seeing encouraging levels of enquiries from self-managed landlords seeking support with compliance and property management, and the Board believes this represents an attractive medium-term growth opportunity for the Group’s franchise network.”
Landlords warned
Earlier this month, more than two million landlords and their agents were warned they could face £7,000 fines for failing to provide tenants with a key Renters’ Rights Act info sheet.
Freedom of Information data revealed a huge gap between the numbers downloading the mandatory document and the total of all landlords.
Bumper profits
TPFG enjoyed a profits jump of 39% and revenue 25% last year. The company reported adjusted profit before tax rose to £31million, up from £22.3million in 2024, and group revenue increased to £84.3 million, up from £67.3million in 2024).
TPFG acquired a controlling stake in a financial services company linked to the Mortgage Advice Bureau in January, to boost its mortgage advisers team to more than 300.
