Proptech PRS platform The Lettings Hub has launched a service via its BOX software that enables agents to keep on top of the latest compliance legislation and guidance changes covering the sector.
As the past 18 months have shown, particularly with the multiple evictions bans and other possession restrictions brought in during the pandemic, it’s difficult even for experts to keep tabs on changes.
The Lettings Hub has partnered with Woodstock Legal Services to ensure agents using the platform are given key legal documentation and templates, that are always up to date and compliant in a timely manner covering England and Wales.
This includes AST agreements, How to Rent guides and EPC & Gas Safety Certificates documentation, and weekly legal updates.
Biggest challenges
“Legal compliance is one of the biggest challenges for lettings agents and landlords,” says Heidi Shackell (pictured), CEO of The Lettings Hub.
“A single legislative change can have a series of knock-on effects for compliance, which take time and cost money. We forget that Lettings “Agents are not lawyers, but they are often expected to have all the answers – or a solicitor’s firm on hand to help navigate the changes.
We know that the Renting Reform Bill is going to bring some significant changes to tenancy agreements in the coming months and agents will need to feel confident that they understand what all the changes mean.”
One study by the NRLA estimated that landlords and letting agents must comply with over 150 different laws and regulations.
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