The Residential Landlords Association has signed a historic new co-regulation deal, offering our landlords a 50% discount on licences.
The co-regulation agreement with Liverpool City Council will see landlords in the city who are members of the RLA have their licence fees reduced by half – saving up to £200 a property.
The scheme, which commits members to providing high standards of housing, will be made available as an alternative to the council’s own licensing scheme.
Landlords in the city will still need to conform to the conditions of the council’s mandatory Landlord Licensing Scheme, which requires them to have a five year licence for each of their rented properties, but will be self-regulating.
Andrew Goodacre, chief executive of the RLA said: “The idea of co-regulation has been a key policy feature for the RLA over the past 12 months and we are delighted that Liverpool Council has given us the opportunity to implement a scheme of this nature.
“The RLA is the only landlord association approved to offer a co-regulation alternative to those landlords in Liverpool who wish to continue to manage their portfolio themselves.
“There are a growing number of landlords who are choosing to manage their properties directly and our scheme is an ideal vehicle for self-regulation whilst still providing significant savings of up to 50% on the licence fees.”
The online application licence fee costs £400 per property and landlords with more than one property will pay £350 for each additional home. However RLA members who are part of the co-regulation scheme will pay just £200 per property, to recognise that they are already a good landlord.
The RLA co-regulation scheme is responsible for ensuring landlords are compliant with the Liverpool Landlord Licensing conditions. Failure to do so could result in a landlord being expelled from the scheme.
The Association of Residential Letting Agents (ARLA) and National Approved Letting Scheme (NALS) have also signed up for co-regulation.
Councillor Frank Hont, cabinet member for housing at Liverpool City Council said: “When we launched the Landlord Licensing scheme we were clear that we wanted to work with the private rented sector to help them comply with the scheme and find ways of giving discounts to those that are committed to meeting standards.
“I am delighted that ARLA, NALS and the RLA have all come on board. It is a win-win for everyone because their members benefit from a reduced fee and we are able to target our resources at those landlords who we know aren’t meeting standards.”
Almost 8,500 landlords, responsible for around 39,500 properties in Liverpool have so far started the application process for the scheme, which came into effect last April. The city council has also started to issue the first batch of licences.
For more information about the co-regulation scheme CLICK HERE.