Latest News

Tenant Fees Ban comes into force from 1 June 2019

15 January 2019

Today the government announced that the Tenant Fees Bill will come into force in England on 1 June 2019. Following today’s Third Reading in the House of Lords, the Bill is likely to receive Royal Assent in the coming weeks. Read More...

Line-up announced for ARLA Propertymark Conference 2019

14 January 2019

Just when you thought this year's ARLA Propertymark Conference couldn't get any bigger, we've added even more incredible industry names to the line-up. Read More...

TDS appoint independent complaints reviewer in first for sector

09 January 2019

Tenancy Deposit Scheme (TDS), the private rented sector’s longest establish deposit protection scheme, has appointed Margaret Doyle as its new external Independent Complaints Reviewer, the first in its industry to do so. Read More...

Industry Regulation becomes a reality

Sunday 01 April 2018

Government has today announced its response to recent consultations on industry regulation and Client Money Protection in England. If passed, the new measures will mean that agents will be required to adhere to a new Code of Practice and obtain a nationally recognised qualification, with at least one person in every organisation required to have a higher qualification.

A new independent regulator will have responsibility for agents' working practices, with enforcement powers to deal with rogue agents. There may also be criminal sanctions for those who severely breach the code.

Other proposals include support for leaseholders to challenge service charges that they feel to be unfair and switch their managing agent.

The new Code of Practice will be developed by a working group comprising representatives of letting, managing and estate agents, along with tenants and regulation experts.

David Cox, Chief Executive, ARLA Propertymark comments:

"We are hugely supportive of these proposals. After 20 years of campaigning, the Government has finally listened to our call for proper regulation of the industry.

"For the last two decades, successive Governments have passed significant amounts of complex legislation on landlords; none of which have been properly policed or adequately enforced. These announcements demonstrate a very sensible shift towards focusing on the root cause of the issues affecting the sector rather than trying to find legislative solutions to individual problems.

"For landlords, their rental property is usually their biggest asset after the home in which they live; and for tenants, it’s their home. It must be the right of every landlord and every tenant to have a letting agent who knows what they are doing, is professionally qualified and the money they entrust to their agent is protected. This is a huge step towards creating a level playing field across the industry, and we look forward to working with the Government on this."

READ THE DETAILS HERE

CLIENT MONEY PROTECTION

We are delighted that the government's response to the consultation on Client Money Protection is to introduce privately-led schemes alongside civil penalties of up to £30,000 for agents who do not comply with the scheme.

READ THE DETAILS HERE