Call 020 8088 9012
Quick Call Back

Name

Telephone Number

Email Address

Best time to contact

Call 020 8088 9012
3let Our Charity Partner Reg Charity No. 1095197
Call 020 8088 9012
Quick Call Back

Name

Telephone Number

Email Address

Best time to contact

guaranteed rental property | The Landlord Association calls for a new scheme to improve rented sector

guaranteed rental property | The Landlord Association calls for a new scheme to improve rented sector

We guarantee your rent: You don’t have to fill in any forms or claim forms. With 3Let you will receive a guaranteed rental income for as long as your property is without a tenant on our property management scheme.

guaranteed rental property

Mr Woodman-Evans continued, “now is time for a full and thorough review of the way the industry works, both practically and legally. Tenants are protected to a fair degree but landlords are often left high and dry”…

Mr Woodman-Evans continued, “now is time for a full and thorough review of the way the industry works, both practically and legally. Tenants are protected to a fair degree but landlords are often left high and dry”…

The government today released plans to review the private rented sector.

Launching the review, the housing minister, Yvette Cooper, said it was important to look at the impact of the recent growth in the market, much of it fuelled by buy-to-let investors.guaranteed rental property

But who are going to be beneficiaries of the review? Landlords or tenants?

Historically speaking, tenants have always been favoured above the landlord. ‘Fuzzy’ legislation has meant that landlords have little protection from tenants who vanish owing months of rent.

The Landlord Association would like to invite government officials to speak with them in order to make their review a FULL review of the sector.

“The news is promising for all concerned” said Mr Woodman-Evans, Membership Director of The Landlord Association. “It’s definitely long overdue and any policy created as a result of the government review is sure to help the sector become more professional”.

“I hope and prey government officials speak to those bodies at the front line of the industry” continued Mr Woodman-Evans. “leading bodies such as Shelter can easily communicate the problems faced by tenants, but here at the landlord association we represent more than 17,000 registered landlords who manage more than 50,000 tenancies in the UK. We suggest that anyone investigating the market should speak with us” said Mr Woodman-Evans.

Historically, one major landlord association has been the only body consulted. However, The Landlord Association has become the largest free national association for landlords in the UK in little more than 2 years. A growth rate that will see them at the very top of that pile for years to come. Surely, any review should include the feedback of such an organisation?guaranteed rental property

Mr Woodman-Evans continued, “now is time for a full and thorough review of the way the industry works, both practically and legally. Tenants are protected to a fair degree but landlords are often left high and dry when letting to tenants who simply run off owing hundreds and sometimes thousands of pounds”.

guaranteed rental property

A report by Citizens Advice last year found one in five tenants was dissatisfied with the quality of repairs carried out by their landlord, and feared retaliatory action from them if they complained to the authorities.

However, a recent survey by The Landlord Association revealed that more than 40% of landlords have experienced problems with their tenants, a good deal of which relating to rent arrears.

“It would seem the scales are still balanced in favour of the tenant” added Mr Woodman-Evans. “We encourage all landlords to be diligent and fair to tenants but it’s clear some more work is still to be done. Our main concern [however] is that landlords have no protection from ‘bad’ tenants” he said.

So what is the solution? What could the government do to improve the standard across the industry? Mr Woodman-Evans said, “The problem here is a lack of education. A lot of landlords are unaware as to the rules and laws which govern the industry. Equally so, tenants have little knowledge of their responsibilities themselves” he added.

“The obvious solution would be to have a national accreditation scheme for landlords and tenants alike. A scheme that would govern each tenancy and apply the law accordingly. The scheme would be open to all that pass a strict theory test, much like the one you take when applying for a driving licence. Those tenants and landlords would need to reach a certain pass level in order to be legible to rent or indeed let a property” stated Mr Woodman-Evans.

The review, which will be written by two academics from the Centre for Housing Policy at the University of York, will look at how the increasing number of buy-to-let accommodation and student tenants has changed the face of the private rented sector.

“We urge those involved to get in touch” said Mr Woodman-Evans. “We have been listening to the concerns of landlords for years and believe our feedback and ideas can help shape a better future in which the UK rental market is more professional and governed by stricter laws”.

View the original article here

3Let allows you to guarantee your rent for a term of 1 to 5 years. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

Customer Testimonials for our Guaranteed Rental Scheme