Foxtons shares tumble as estate agent takes £3m knock from Renters’ Rights Act

Foxtons shares have tumbled after the firm said it took a knock of as much as £3m from the introduction of the Renters’ Rights Act, as Landlords rushed to terminate tenancies before fresh rules took effect. The Act abolished fixed tenancy terms and increased tenant flexibility to terminate tenancies, sparking “elevated levels of tenancy terminations”…