Foxtons says the Renters’ Rights Act has caused a financial impact of about £3 million, as some tenants move to end their contracts sooner. The reports describe a pattern of rapid contract terminations, including among students, which is associated with the policy change. Foxtons characterizes the situation as a hit to its financial position, but the available excerpts do not provide further detail on the company’s calculations, the time period covered, or whether the figure reflects lost revenue, costs, or expected future earnings. The articles do not specify the exact mechanism by which the Act affects contract endings, nor do they outline any response from Foxtons beyond reporting the impact. Overall, both sources focus on the same claim: that the new renters’ rights framework is linked to an increase in early contract termination activity and that Foxtons estimates the resulting effect at £3 million.