55.58 F
London
May 26, 2024
PI Global Investments
Property

Propertymark: private sector property managers should be regulated


Estate agency membership group Propertymark has urged the government to make it so private rented sector property managers need to be qualified.

Currently that just applies to those working in the social rented sector.

The news comes as MPs have suggested that safeguards to save tenants in social housing from damp and mould in the midst of the passing of a two-year-old child should be enacted for the private rented sector too.

Propertymark has argued that the first step to bring the private rental sector in line with the social rental sector and ensure that there are fairer standards and protections for consumers overall, would be to enact the proposals laid out in the 2019 Regulation of Property Agents Working Group Report.

Lord Best’s 2019 report called for industry licensing and qualifications to be enacted.

Timothy Douglas, head of policy and campaigns at Propertymark, said: “The first step to levelling the playing field for tenants regardless of where they rent is for the UK government to extend the requirements for property managers in the social rented sector to be qualified to the private rented sector.

“Recommendations have been set out in the Regulation of Property Agents Working Group Report and a clear roadmap to regulation would not only drive-up standards and protections for consumers but support with the implementation of the Decent Homes Standard as part of the Renters (Reform) Bill.”

Awaab’s Law is named after Awaab Ishak, who passed away in December 2020 due to prolonged exposure to mould in his home in Rochdale triggering a respiratory condition.

Under the law, social housing landlords would have to make immediate repairs within 24 hours.

Social landlords would have to investigate hazards within 14 days and begin repairing them within an additional seven days under the proposals.

The proposals, which are currently being consulted, have been embraced in a report by the House of Commons’ Health and Social Care Committee but politicians argued the UK government should extend the safeguards to the private rental sector.





Source link

Related posts

Abrdn-run property fund to be wound down after investors reject merger — TradingView News

D.William

Ayrshire property: Price reduced on Muirkirk church house

D.William

Equestrian Estate: Massive $2.4 Million Property Scattered Across 62 Acres Hit Georgia Markets. What Special?

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.