12 December 2007

ARLA, the Association of Residential Letting Agents and the lead professional body for the rental market, has welcomed the announcement today (Wednesday 12 December) of an independent review of the Private Rented Sector.

However, the Association has called for particular attention to be paid to the issues of licensing for all agents and independent redress for the consumer. It would also welcome letting agents being covered under the latest edition of the Money Laundering Regulations. So far, these only cover estate agents.

The announcement by Housing Minister Yvette Cooper states that the Review will look at more and better options for the Sector

ARLA has called on successive governments to make licensing compulsory for all letting agents and to introduce compulsory independent redress.

Said Ian Potter, Head of Operations for the Association, “While the professional bodies can ensure that their own member agents are compliant with best practice, safeguard their clients’ money and abide by a disciplinary code, too many letting agents operate without any experience or any system designed to protect either themselves and the public.”
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