27th
Feb 2024
A leading rental activist will be telling a House of Lords committee it is of the utmost importance that letting agents are regulated.
Conor O’Shea the policy and public affairs manager of the Generation Rent group will be providing evidence to the House of Lords Industry and Regulators Committee’s inquiry into the introduction for the regulation of property agents.
The meeting is taking place this Tuesday 27th February starting from 10:30am.
The inquiry will scrutinise how property agents are currently regulated in the residential sector and how important and necessary it is for setting up a new regulator of property agents.
The Generation Rent representative O’Shea will be followed by the chief executive of the Leasehold Knowledge Partnership, Sebastian O’Kelly.
The veteran Labour peer Baroness Taylor of Bolton will be chair of the committee who served in the first Blair government in 1997 for four years.
The committee prior to the meeting told the two speakers that they would probably be asked about the most important challenges tenants face when having to deal with lettings agents? How easy is it for leaseholders and tenants to air complaints about property agents? If a regulator was to be introduced for property agents would it be able to handle tenants and leaseholders issues with property agents?
Possibly the key question that will be asked of the two is would they be prepared to fully support a code of practice that property agents would have to agree and sign up to as part of an agreement to be granted a license to practice.
It has been nearly five years ago since the government established Working Group on the Regulation of Property Agents recommended for a new independent regulator to be set up in the sector, which to this day the government has failed to respond to.
News Archive »