Rogue letting agencies need to clean up their act
If you've given a month's deposit to a dodgy geezer in a cheap tie and never seen it again, you might be one of the thousands of tenants demanding better regulation of letting agencies.
Unscrupulous letting agents are currently at liberty to run off with people's hard earned money and refuse to fix urgent problems. But an amendment to regulate letting agents in England will be presented in the House of Commons next week, in a move to clamp down on rogue agencies.
At the moment, complaints about letting agents to the Property Ombudsman have increased by 9% from last year to 8,000. New legislation would make it compulsory for letting agents to belong to an Ombudsman scheme so that tenant’s rights are protected.
'At the moment anybody could set up as a letting agent. They don't have to promise to give minimum standards to the tenants or to the landlords." Said Labour peer Baroness Hayter of Kentish Town.
So if the bill is approved, you’ll no longer be at the mercy of fly-by-night letting agents called 'Lets Be Honest' with an office in their mum’s shed. Which can only be a good thing.