Redress Schemes for Lettings Agency and Property Management Work
As previously reported, from 1 October 2014 all agents who carry out letting agency or property management works will be required to join a redress scheme. The legislation appears at first glance to be remarkably straightforward for brand new legislation. This is...
Client Money Protection for Agents Set to be Mandatory
From 1 April 2019, all property agents carrying out work in relation to housing in England will be required to be a member of a mandatory client money protection scheme. The Client Money Protection Schemes for Property Agents (Requirement to Belong to a Scheme etc.)...
Property Agent Regulation Takes Another Step Forward
Communities Secretary Sajid Javid has followed up his plans to make the property management industry fairer for tenants. He has already announced proposals to regulate letting agents, appoint a tenant ombudsman to make dealing with complaints fairer and easier and to...
Compulsory Money Protection on the Way for Letting Agents
Letting agents will face fines or closure if they do not have safeguards in place to protect landlord and tenant cash they handle under a proposed new law. Housing minister Gavin Barwell has confirmed that the government is ready to consult on compulsory money...
Rent Smart Wales Announce New Fees Structure For Agents
When Rent Smart Wales first announced their licence fee structure for agents, it was a flat fee of £3,728.00 for an online application or £4,368.00 for a paper application. The only exception was a sole trader agent with no staff (connected person) which cost the same...
An Agent’s Guide To Rent Smart Wales Registration And Licensing
We have also produced a guide especially for landlords here. From 23 November 2016, the licensing provisions in Wales commenced. There was a 12 month grace period for agents to comply. The licensing is operated and enforced by Cardiff City Council under the name of...
How To Comply With The Consumer Rights Act 2015
Updated 29 October 2015 The main parts of the Consumer Rights Act 2015 which affect landlords and letting agents are now in force for England and Wales. Duty of letting agents to publicise fees etc Chapter 3 of Part 3 to the Act requires letting agents to display a...Property Redress Scheme FAQ
Introduction The Property Redress Scheme has put together a FAQ guide to their scheme for letting and property management agents. 1. What is the Property Redress Scheme? The Property Redress Scheme is a new Government-approved redress scheme, one of three, which it...Property Agents Must Join Redress Scheme By 1st October
The Department of Communities and Local Government has announced that the mandatory redress scheme which all letting and managing agents must become a member of will commence from 1 October 2014. By this date, all agents in England must belong to an approved redress...
Landlords Building Insurance
Guild subscribers can get discounted landlords buildings insurance especially designed for landlords
