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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Agents and Landlords must have more Regulations to Help Tenants

9th Sep 2019

RICS, the Royal Institute of Chartered Surveyors, states that there must a better transparency and improvement in standards within the private rented sector so landlords and lettings agents can improve their relationships with tenants.

house keys in door
pixabay.com

The Institute is working alongside Lord Best and his Regulation of Property Agents (ROPA) working group, and says that the 2017/18 English Housing Survey shows the private rented sector has the largest number of properties that have category one hazards.

RICS is developing the new PRS Code of Practice with the ROPA to be released by the end of autumn, which will supposedly help make the sector more 'professional'.

The Institute is urging the government to support and action the ROPA recommendations which could introduce accreditation of practitioners, a mandatory program of continuous development and minimum standards for all landlords and agents.

It is also calling for the government to provide their intentions and plans for further regulation of the PRS and landlords and a proposed timetable of actions.

The latest sector policy statement from RICS says: ‘We believe that the way to raise standards in the PRS is to ensure that all individual lettings, estate and property management practitioners and firms are consistently regulated and subject to a single, consolidated residential property code, by new regulator with powers to delegate regulatory functions to selected designated professional bodies, as advised by the recently released ROPA report.

‘A regulated PRS would enhance the landlord-tenant relationship, as well as build institutional investor confidence in a growth sector that offers housing solutions to increasing numbers of households. As a sector leading body, RICS already create and regulate professional standards in property and of our professionals who work within the industry.’

Richard Merrick of PIMS, said: "This is all the industry needs right now to make sure that good landlords have even more regulations and no doubt fees to 'encourage' them to sell up.

"When will these industry reform groups and so called experts realise the problem in the PRS is that councils have low performance levels of taking 'rogues' to court and the naming and shaming of them on the national database."


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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/