"The Future of Renting" features ARLA Propertymark's recommendations and plans to reform the Private Rented Sector (PRS) ✅

Summary of ARLA Propertymark's recommendations, for more information you can download the FULL REPORT below 📩:

➡ Why do this now? To help shape and influence the UK Government’s Renters’ Reforms White Paper which is due to be released in 2022 📃
➡ Topics of discussion include: Deposit reform, energy efficiency targets, digitalising possession claims and bringing forward new mandatory grounds in favour of fair access to justice (and whether Section 21 should be abolished) 🚫
➡ Plus, the need for better consumer protections whilst ensuring existing Landlords stay in the market (and new Landlords enter!) 🚦

➡ Lifetime deposits should include a range of ‘passporting’ options and explore requirements to have a written Tenancy Agreement and Inventory 🖋📄
➡ Ensure Universal Credit is adequate and more effective 💳
➡ Review taxes affecting Landlords and support future investment in the sector whilst avoiding rent controls 🕹
➡ Support the sector to reduce its carbon footprint through setting achievable Energy Performance targets, and to provide grants and use tax breaks to incentivise landlords to finance energy efficiency improvements 🎯

➡ Extend redress membership to Landlords who self-manage 🧙‍♀️
➡ Ensure that the redress schemes are all operating to the same criteria 📋
➡ Central government should take the lead in funding, developing and running a National Landlord Register 📝
➡ Widen access to the Database of rogue Landlords and property agents (and make it publicly available!) 👍
➡ Regulate Letting and Estate Agents across the UK ✅
➡ Introduce enhanced digital Right-to-Rent checks 🛂
Improve and increase local authority enforcement and inspections 🔍
➡ Money laundering supervision to include Letting Agents 💸

➡ Consider the case for a Housing Tribunal 👩‍⚖️
➡ Improve efficiencies to the existing possession process, digitise possession claims and enhance dispute resolution 🤝
➡ Automatic right to a High Court Enforcement Officer and privatise County Court Bailiffs 🔓
➡ If the UK Government remove Section 21 it should be replaced with a system that makes all grounds mandatory ✔

📩 DOWNLOAD FULL REPORT HERE: https://hood.azureedge.net/cavendish/site/96adc1d9-e05c-435f-b832-9ec683848b58.pdf 📩

🙋‍♀️ For more information on the complex legislation surrounding Residential Lettings: for advice on how to BEST MAXIMISE YOUR RENTAL INCOME whilst ENSURING ALL LEGALS ARE MET... Contact our CAVENDISH EXPERTS today 🦹‍♀️🦸‍♂️

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"The Future of Renting" 🔮 Cavendish Residential | Lettings and Estate Agency | Nottingham

Cavendish Residential Lettings Agency and Estate Agency in Nottingham