The head of one of the three mandatory redress schemes in the rental sector insists that, contrary to suggestions from some in the industry, “a significant proportion” of letting agents have yet to join.
Landlords and agents are unreasonably pushing for ‘betterment’ or ‘new for old’ at the end of tenancies and have unrealistic expectations of what they can claim against deposits, according to the Association of Independent Inventory Clerks.
A landlord must pay over £20,000 in fines and costs after pleading guilty to 28 offences relating to just two properties.
ARLA is urging member agents to have their say in a consultation exercise being mounted by the Scottish Government as part of its proposals to extensively reform the private rented sector.
The compulsory redress scheme for letting agents introduced this month is welcome but does not go far enough according to Leaders.
Landlords disclosing buy to let and other property investment profits to HM Revenue & Customs may face waits of up to six months to have their disclosures analysed.
HomeLet, which operates what it calls the largest monthly survey of private tenants in the UK, has produced a snapshot of the market showing rental growth and lettings activity beginning to slow.
A pressure group wants the Labour Party to extend its new policy on buy to let to effectively ban landlords from purchasing existing properties as well as new ones in designated areas.
A tenant has been jailed for two years following a civil case in which she confessed to fraudulently supplying false references and pay slips to letting agents.