ARLA Propertymark has launched a new database in partnership with GetRentr, a technology platform which automatically monitors property portfolios for compliance with all UK property licensing schemes.
The service, free for ARLA Propertymark members including Keats Lettings, holds information on: new licensing schemes coming into force in the next month; those which are ending this month; and those which local authorities are consulting on and will come into effect in the near future.
Members will be able to check the status of licensing schemes in their local area, so they can understand which ones they need for themselves and landlords, to avoid falling foul of the law.
David Cox, chief executive of ARLA Propertymark, said: “There are hundreds of laws with which letting agents and landlords need to comply, and new licensing schemes are being introduced on an almost weekly basis, so it can be difficult to keep up.
“Those who aren’t compliant risk breaking the law and could face banning orders or fines of up to £30,000.
“This new database, available to all members, will help agents mitigate these risks and comply with the ever-changing law.”
Orla Shields, chief executive of GetRentr, said: “While property licensing was introduced to raise rental accommodation standards, the proliferation to around 540 schemes has brought with it a huge administrative burden for landlords and agents.
“Remaining compliant is a never-ending task as new consultations or schemes can come into effect at any time, meaning compliance today does not guarantee compliance tomorrow.
“We’re really excited about our partnership with Propertymark as it will help protect agents from increasing fines, and ultimately help improve safety standards across the private rented sector.”
Source: Property Industry Eye
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