With all the jargon and acronyms that exist in the language of property letting, it’s common to encounter something you may not be 100% sure about.
Legislation
As we enter the new decade, more UK property letting compliance changes are predicted to come into force.
Electrical safety has been at the forefront of most Lettings Agents minds for many years now, with unclear directives as to what standard of electrical safety is proof enough to ensure that the property is electrically safe.
As of February 2016, all landlords need to make sure they check that a prospective tenant is legally able to rent their property; known as a right to rent check.
The Tenant Fees Act will come into force on 1st June 2019. At the centre of the new legislation is a ban on Tenant fees, including admin and agency fees. However this only touches the surface on the changes and their implications for you the Landlord and us as your Agent.
Legislation in the private-rented sector is changing all the time. One of the most important new laws is compulsory Client Money Protection (CMP).
If you’re a landlord or tenant, you’ll probably need to work with a reliable letting agent. But not all letting agents are the same.
For landlords lettings legislation can be a nightmare. Landlords who are letting residential property need to make sure they stay up-to-date with a huge amount of legislation. Laws are changing all the time, so keeping up can often be a job in itself.