ARLA released a special statement today, saying that as the demand for housing in the Private Rented Sector is likely to soar due to the credit crunch, they are warning agents and landlords not to take advantage by cutting corners.

ARLA pointed out that both the law and best practice has moved on a long way since the early nineties when the last housing crisis produced soaring rental demand, cowboy agents and rogue landlords. They are worried that some landlords may try to cut corners and not comply with legislation covering safety and the protection of tenancy deposits. There could be an upsurge in lettings agencies opening for business, without being members of the professional bodies, having the right qualifications and providing clients money protection.

Read the full press release here.

So much for London becoming a renters market …

This entry was posted on Monday, April 21st, 2008 at 11:27 pm and is filed under Landlord, Letters & Forms, Letting Agents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.