Search Results for: Tenant Fees Act
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Latest property news
PRS expels member
Carter Stones Limited of 1A Connaught Road, Ilford, IG1 1RL has been expelled from the Property Redress Scheme...
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Features
Are redress schemes working?
The ‘regulation lite’ system brought in by the Government for sales and lettings agents got cheers all round in 2014. But does it still deliver? Nigel Lewis reports.
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Latest property news
Root out rogue letting agents
NALS launches a toolkit to raise standards in the Private Rented Sector.
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Features
Forward thinking pays dividends
Buy-to-let investors appreciate professional advice from a lettings expert – that’s you! Joanne Christie met some canny lettings advisers who are showing the way.
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Latest property news
The Property Ombudsman expels two Southampton agencies
Consumers are being warned by the UK’s largest property redress scheme about the actions of two lettings agents based in Southampton. Both agencies, trading as ‘The Flat Agency & Michael Browns Ltd’ and ‘Property Vibe Ltd’, were expelled from lettings redress membership of The Property Ombudsman (TPO) scheme for a minimum period of three years. Without registration these companies cannot legally trade as letting agents, and other redress schemes will not allow previously expelled agents to join. Landlords who lease their property with an agent that is not registered with TPO will not be entitled to have their dispute reviewed by the Ombudsman, and nor will any tenants renting through an unregistered agent. The decision to expel The Flat Agency & Michael Browns Ltd follows complaints made against it from local landlords and tenants. The complaints were independently reviewed by the Ombudsman and all were upheld. Cases against this agent were all similar in nature, relating to delay and/or failure in paying money owed to the complainants and several flagged serious concerns with the Ombudsman, who described the agents’ practices as “dishonest and deceitful”. The Ombudsman ordered payment of the money owed together with compensation. When the agent failed to…
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Latest property news
Client Money Protection amendments
In the House of Lords the debate has been raging about Client Money Protection. Lord Monroe Palmer (left) who proposed the changes to the Housing Bill wrote, “The Government has back-pedalled and tenants have won.” “The Housing Bill has continued in its long worn out path through the Lords. The Liberal Democrats have been battling to make changes to a Bill which will currently only worsen the housing crisis, reducing the availability of housing and moving the first rung of the housing ladder even further out of reach. “Across the past fortnight, the Government has been forced to back pedal on a number of measures. This week they made a significant concession on protections for tenants at the hands of rogue letting agents. An amendment with my name on it had been put forward which ensured that money belonging to tenants for use as holding fees, deposits, rent, or service charges by letting agents, was protected. 20 per cent of the letting agent sector does not have protection for client money. “The amendment we put down was targeted at protecting the fifth of the industry in which tenants and landlords remain at risk. People risk losing their money if a…
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Features
Love thy neighbour
Falling out with neighbours is a bad idea, says Andrew Symington, so leaseholders need to tread carefully and understand the implications of shared freeholds.
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Features
Professional Negligence
Oliver Wharmby, of Lonsdale Insurance Brokers, discusses the professional risks associated with letting and managing residential property.
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