Government announces they are going to regulate the lettings industry

Communities Secretary, Sajid Javid MP used his speech to the Conservative Party Conference on 1 October 2017 to announce plans to introduce mandatory regulation for letting agents in England, so all agents meet strict minimum standards.

Years of campaigning

The announcement comes after 20 years of ARLA Propertymark campaigning for mandatory regulation and will be the single greatest step forward in a generation for consumer protection within the private rented sector. Regulation can do more to clean up the image of the industry than the hundreds of smaller laws and pieces of legislation passed over the last two decades.

Other measures affecting the Private Rented Sector

The speech included an announcement that landlords will be required to belong to a redress scheme with an Ombudsman, so that tenants have quick and easy resolution to disputes. Mr Javid is also promising incentives in the Autumn Budget on 22 November 2017 for those landlords “who do the right thing”. He also referenced consultation with the judiciary on a new, specialist Housing Court to deliver faster and more effective justice. In measures to promote greater fairness for tenants, the Secretary of State specified that tenancies for a minimum of twelve months should be offered to those that want them and landlords shouldn’t be able to remove tenants when they have done nothing wrong without giving at least three months’ notice.

By | 2018-01-14T10:56:50+00:00 October 17th, 2017|Categories: Landlord, Lettings, Tenants|0 Comments

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