Sum assured meaning

This Practice Note outlines the principal rules on rent and rent transparency in the private rental sector in England under the Renters’ Rights Act 2025 (RRA 2025). It covers the obligation to state the proposed rent in adverts or written offers, the ban on urging tenants to bid or pay more than the proposed rent, the ways in which rent can be varied, and limits on taking rent up front. For an overview of the core elements of RRA 2025, see Practice Note: Renters' Rights Act 2025—key provisions. Stating proposed rent and avoiding rental bidding In force from 1 May 2026, ss 56–57 of RRA 2025 aim to make the exact rent for a property clear and to curb informal bidding contests between would‑be tenants that drive prices up. A landlord, agent, or anyone acting for the landlord must not: publicise a proposed letting in writing or make a written offer unless: the rent proposed is stated as a...

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Section 213 of the Housing Act 2004 (HA 2004) Obliges any landlord who has taken a tenancy deposit to lodge the sum with an authorised scheme and to give the tenant details about it within 30 days of receipt; before amendment by section 184 of the Localism Act 2011, the deadline for doing so was 14 days...