The impact that Brexit will have on the lettings industry - and, indeed, on the United Kingdom itself - remains an unknown almost four years after the referendum.
The latest news, views and data from the lettings industry.
The latest news, views and data from the lettings industry.
Uncertainty abounds almost four years after the referendum. We look at how Brexit could impact the PRS in this extract from Goodlord's latest e-book, Dawn of a decade: Lettings in the 2020s.
We’ve put together a quick guide to the housing policies announced by the Conservatives, Labour, Green Party, and Liberal Democrats, which include everything from ending "no fault" evictions to increasing minimum energy efficiency standards.
Landlords will be looking to letting agents to manage increasingly complex legislation, so letting agents should be prepared to demonstrate their knowledge.
Letting agents and landlords need to be aware of their HMO licensing obligations when it comes to rental properties operating as houses in multiple occupation.
Agencies will still need to comply with data protection law after Brexit, and may need to make some changes to their processes if they receive data from the EU.
Brexit is unlikely to have a major impact on most agencies' operations, however, it’s worth making sure you're clear on how Brexit could affect employment, data, and financial services for UK businesses.
The recommendations from the Regulation of Property Agents Report (RoPA) might be several years away from becoming reality, but there are ways that proactive estate and letting agents can start preparing now.
The EU's Fifth Money Laundering Directive is just months away from becoming law and letting agents who process rental payments of €10,000 or more a month will need to start preparing to ensure their processes are compliant.
The rights and status of EU, EEA and Swiss citizens living in the UK will remain the same until 30 June 2021, but most will need to apply for the EU Settlement Scheme.
Letting agents are still seeking clarification on the Tenant Fees Act, months after it came into effect. ARLA Propertymark CEO David Cox answered questions on the Tenant Fees Act in a Goodlord webinar on legislation changes.
The impact that Brexit will have on the lettings industry - and, indeed, on the United Kingdom itself - remains an unknown almost four years after the referendum.
Topics: Compliance
Housing remains a priority for most parties going into the general election, which takes place on 12th December 2019. We’ve put together a guide to the key housing policies from the manifestos that have been released by the Conservatives, Labour, Green Party, and Liberal Democrats.
Topics: Compliance
Legislation changes represent one of the most significant opportunities for agents to win new landlords in the coming years. Sixty-two percent of landlords cited legislation changes as their biggest concern, and many are also unaware of recent or upcoming legislative changes - a survey found only 66% of landlords were aware of the Tenant Fees Act.
Topics: Compliance
Letting agents must ensure their landlords properties are properly licensed or they could risk prosecution and an unlimited fine or a civil penalty of up to £30,000, while their landlords could be ordered to repay tenants up to 12 months’ rent. Recent research showed that 75% of privately rented properties in the capital that required a licence under mandatory HMO or additional licensing schemes were operating without one, putting letting agents, landlords, and their tenants at risk, so it’s important that letting agents are aware of their obligations.
Topics: Compliance
The General Data Protection Regulation (GDPR) won’t be disappearing after Brexit, with the government planning to incorporate it into UK law, alongside the Data Protection Act 2018, after we leave the EU. Most of the data protection rules affecting small to medium-sized businesses and organisations will stay the same, whether or not we leave the EU with a deal.
Topics: Compliance
The UK is due to leave the EU on the 31st January 2020. It’s unlikely your agency will need to make any major changes in order to prepare for Brexit (at this time), however, it’s worth making sure that you are clear on how Brexit could affect certain areas, such as employment, data, and financial services.
Topics: Compliance
The Regulation of Property Agents working group, chaired by Lord Best, released the Regulation of Property Agents Report (RoPA) in mid-2019, with wide-ranging recommendations for regulating letting and property agents and improving standards in the property industry overall.
Topics: Compliance
Letting agents who process rental payments of €10,000 or more a month need to start preparing for the European Union’s Fifth Money Laundering Directive, which the United Kingdom is expected to comply with from 10 January 2020 (Brexit pending).
Topics: Compliance
The rights and status of EU, EEA (which includes the EU countries and Iceland, Liechtenstein and Norway) and Swiss citizens living in the UK will remain the same until 30th June 2021, if the UK leaves the EU with a deal.
Topics: Compliance
Letting agents are still seeking clarification on the Tenant Fees Act, months after it came into effect. ARLA Propertymark CEO David Cox answered questions on the Tenant Fees Act in a Goodlord webinar on legislation changes.
Topics: Compliance
