The House of Commons library has published a ‘standard note’ on the role of regulation for letting and managing agents in the English private rented sector. Currently there are no mandatory requirements for letting and managing agents to comply with. However, a ‘redress’ scheme has been implemented paving the way to require agents and managers to belong to a scheme.
The document, titled: The regulation of private sector letting and managing agents, looks at what it takes to implement a regulatory framework for letting and managing agents with similar requirements to private landlords.
The RLA has argued for letting and managing agents to be part of accreditation and regulatory schemes for some time. However, the RLA acknowledges – as does the House of Commons document – that a lot of letting and managing agents voluntarily sign up to conditions which will help improve conditions and best practice standards within the sector.
The House of Commons Library has published various other documents that relate to the private rented sector that is of worth for anyone vested in the market:
- Fair rent regime
- Reform of Housing Benefit (Local Housing Allowance) for tenants in private rented housing
- Housing Health and Safety Rating System (HHSRS)
- HMO Definition and Use Classes
For more information check out the RLA News Hub articles on House of Commons notes and visit the House of Commons Library webpage on letting and managing agents.
- RLA urges Government to pass reform bill to regulate letting agents
- Government: Redress schemes for letting agents