A new document regarding research on the regulation of letting agents has been published and placed in the House of Commons Library. The report was compiled by Catherine Fairbairn and Wendy Wilson and points out that there is no statutory regulation of letting agents and property management and furthermore no requirement to belong to a trade association.
The Westminster government has also said that it does not intend to introduce regulation on the grounds that it would involve too much red tape. The previous Labour government did, however, propose full mandatory regulation of letting and managing agents.
The report says that growth in the private rented sector means there is increasing attention being paid to lack of regulation in the private rented sector, and that it is the focus of a current CLG select committee.
The report is intended to provide factual, unbiased information to MPs. It covers no new ground but would be useful reading for anyone wanting to be brought up to speed on the debate over the regulation of the lettings industry. - See more at: http://www.lettingagenttoday.co.uk/news_features/New-paper-on-regulation-of-letting-agents-published#sthash.2lG1vn9q.dpuf
William Taylor of Martin & Co Huddersfield, lettting agents and property management, said "we would welcome regulation with open arms tomorrow. For too long have rogue agents cast a shadow over the legitimate and well run agencies out there."
For information on Houses to Let in Huddersfield or huddersfield property management, please call Martin & Co Huddersfield on 01484 453935.