Under the Renters’ Rights Bill, two new forms of landlord regulation will be introduced.
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The PRS (Private Rented Sector) portal will hold details of landlords and their properties and will also act as a ‘one-stop-shop’ for landlords, with guidance to help them understand and comply with their legal obligations and responsibilities. Registration on the portal will be mandatory for landlords.
All landlords letting property will have to register details of themselves and their properties.
The council could issue a civil penalty of up to £7,000 for a first offence and up to £40,000 for repeated non-compliance.
This is a new service that will be set up to handle tenant complaints and provide a dispute resolution service for landlords and tenants. All landlords will be required to join the scheme.
Yes, all landlords will have to join the scheme to remain compliant. If they fail to join, the council could issue a civil penalty of up to £7,000 for a first offence and up to £40,000 for repeated non-compliance.
It will offer a structured dispute resolution process, which should reduce the risk of ending up in court, saving landlords money and time.
Yes. Although we don’t yet know how much this will be, the Government has said it will “work to ensure that the fee is proportionate and good value”.
Yes, if they have been unable to resolve issues directly with their landlord, tenants will be able to escalate complaints to the new Ombudsman.
Landlords will be able to register through the official PRS portal once it is fully implemented.
No, but landlords will have to comply with the new dispute resolution requirements.
The most reliable way to ensure properties remain legally compliant is to use the services of a qualified and professional property lettings and management company. If self-managing, landlords should seek advice from legal specialists.
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