Regulation & Law
News articles looking at national legislation and local regulation and the application of law to the residential property industry.
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Airbnb is NOT a letting agency, court rules in landmark case
Airbnb is not a letting agency and instead should be classified as an online platform for people looking for short-term accommodation, the European Court of Justice has ruled. This, it is claimed, will make it more difficult for local authorities to police the fast-growing online-only short lets sector that Airbnb has created, because many local regulations in the UK and elsewhere only apply to traditional letting agencies. The court case was brought by France’s tourism authority which had argued that Airbnb should hold a professional estate agency licence and that, because it did not hold one, was in breach of French law. The judges instead said Airbnb was an ‘information society service’ and not a letting agent. The court’s decision has raised eyebrows. A similar case two years ago involving Uber went the other way. Judges decided that the company was a taxi service and not an online platform. One of the key reasons for the judgement is that landlords have a choice where to advertise their properties to rent, but taxi drivers are exclusively contracted to Uber and therefore much more part of the organisation than an Airbnb landlord. Airbnb has welcomed the judgement and said it wants to…
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Upmarket letting agents face substantial changes after new AML come in, warns expert
Jerry Walters, chief of Lonres-owned firm Financial Crime Services, says changes will affect how deposits and rent are received and require landlords and tenants to be checked.
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Three Berkshire estate agencies fined a total of £600,000 over illegal price fixing cartel
Estate agencies Michael Hardy, Prospect and Richard Worth will jointly pay the fine but a fourth guilty company, Romans, escapes a fine after reporting the carterl to the CMA.
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How successful has Khan’s rogue letting agent checker really been?
Mayor has been bragging on Twitter about the success of his online tool since launching it last May but has been choosy about which data to promote.
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Number of money laundering SARs made by estate agents drops
Although number of Suspicious Activity Reports increased across all industries, agents made 10.5% fewer reports to the NCA.
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Government’s stalling on AML will put agents at risk
The government is supposed to implement the latest AML regulations by 20th January but has so far done nothing, says John Dobson.
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Online letting agency apologises for featuring another unlicensed HMO
Spotahome says it has now taken measures to prevent booking at the property on its platform. Similar unlicensed properties were featured on its platform earlier this year.
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Ipsos Mori poll reveals overwhelming public support for rent controls
Despite industry opposition voters have signalled their support for the idea but the poll didn't outline exactly what kind of rent controls were meant.
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Agents given 11 extra weeks to comply with new Welsh holding deposits law
The decision by the Housing Minister Julie James follows meeting a with representatives of ARLA Propertymark, including its Chief Executive and Welsh board member.
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Leading industry figure claims Reservation Agreements being ‘foisted’ on industry
Buying agent and media pundit Henry Pryor has also claimed that the agreements will not speed up the process as intended.
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