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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It’s war! ARLA urges agents to take tenant fees ban battle to MPs’ constituencies
After failing to persuade the government that the tenant fees ban will lead to a rise in rents, poorer quality properties and fewer jobs within the property industry, the Association of Residential Letting Agents (ARLA) has taken its war direct to MPs in their constituencies. This is somewhat of a U-turn compared to the organisation’s position earlier this month when David Cox, ARLA’s Chief Executive, (pictured, above) appeared to throw in the towel and told members following the Bill’s Introduction to parliament that they “must start preparing for when it comes into force”. The trade association, which says the fees ban is not the “black and white” issue portrayed by the government, has emailed all its members urging them to contact their local MPs ahead of the Tenant Fees Bill’s passage through parliament, which was announced earlier this month. Agents are being asked to both book face-to-face meetings at MPs’ surgeries and send letters. The ARLA tenant fees ban campaign includes a briefing paper for agents to use when they contact their local MP, and a toolkit that includes a letter ready to send to the politicians. As well as urging MPs to consider the impact on their local property…
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TPO pushes back against government plans for whole-sector ombudsman
The Property Ombudsman believes the industry should have separate redress schemes for the social and private halves.
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Crackdown begins on agents who ignore bribery, corruption and money laundering
RICS is set to require member agents to adopt personal money laundering statement including promise to report both fellow agents breaking law and sporting donations.
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Landmark property fraud appeal case decision rocks conveyancing world
A decision by the Court of Appeal yesterday changes who is responsible when a property fraud criminal successfully sells a property they do not own.
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Landmark property fraud appeal decisions due this week
The Dreamvar vs Mishcon De Reya and P&P Property vs OWC/Winkworth property fraud case appeal decisions will have huge implications for property sales.
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FCA to force lenders to help tenants get on the property ladder
Millions of tenants maysoon have the Financial Conduct Authority on their side, which could soon be policing lenders to ensure they take a tenants rental payments into consideration when lending.
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Government has no idea how Right to Rent is impacting tenants, minister admits
A government minister has admitted that the Home Office does not collect any information on how the Right to Rent system is impacting tenants.
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11 months to go! Client Money Protection legislation enters parliament
The government has laid down the new legislation in parliament that will make Client Money Protection mandatory for all agents by April next year.
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Tenant fees ban will cost nearly £10,000 a year per branch, says government
The government's own assessment of the fees ban is likely to cost the industry £340m during the first year, or nearly £10,000 per branch.
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It’s begun! Tenant Fees Bill enters Parliament
The government today revealed that the Tenant Fees Bill has now begun its journey through parliament and into law.
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