Mayor of London, Boris Johnson yesterday – 28th May – announced the launch of the London Rental Standard (LRS). An accreditation scheme with a ‘badge’ for good landlords, the Residential Landlords’ Association Accreditation Scheme (RLAAS) is one of the approved partners. If you are an accredited landlord with RLAAS you will automatically qualify for the London ‘Badge’.
RLAAS is a national scheme operating throughout England & Wales and provides qualified members by default with recognition and accreditation from the LRS. If you are accredited with RLAAS you are accredited with the LRS…even if you don’t rent properties in London.
The LRS says: “The aim of the London Rental Standard is to raise professional standards in the capital’s private rented sector by providing a consistent standard of accreditation to consumers and a vehicle for increasing the number of accredited landlords and agents.”
The LRS scheme, sometimes referred to as the ‘Boris Badge’, actually went live on Monday 26th May but was officially announced on Wednesday 28th May. The scheme acknowledges the work and investment of good landlords in London and aims to have a challenging target of 100,000 in the next few years.
The scheme is voluntary, but plans by the Greater London Assembly (LGA) include pushing tenants towards accredited landlords and letting agents. For more information visit the London Rental Standard website.