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Hello and a warm welcome to October's edition of the Leading letter.  

September was an exceptionally busy month for us here at Lenwell with particularly good figures for our Luton office.  All the staff have been working very hard to ensure a warm welcome for our new tenants and a fond farewell to those who are leaving us.

The renovations continue over at our Bedford Office, and, interestingly, a fantastic array paperwork, brochures, and receipt pads dated 1896 have been found from when the office was a tailors.   It is always wonderful to find links to the past and please be assured we will find a suitable home for this small slice of history.

In this month's edition of the leading letter we will be looking at National Landlords Register and the Property Standards Board, Lucinda has put together an article to help students navigate their way through the often treacherous waters of the Lettings Market and the Editor talks Turkey, sorry, Chicken in Bedford!

Happy Reading!



Rob Wellstead
Managing Director
ARLA's reaction to NLA recommendations for a National Landlords Register

Having launched their own licensing scheme for Letting Agents earlier this year ARLA (Association of Residential Letting Agents) have thrown their weight and wholehearted support behind the NLA's (National Landlords Association) campaign for a National Landlord Register.

 

Ian Potter, operations manager of ARLA comments:

"Protection for the consumer is paramount - ARLA launched its own licensing scheme for letting agents earlier in the year for this very reason. Exploitation of vulnerable tenants by a small minority of landlords undermines the professionalism of the broader sector and creates the negative consumer perceptions that have sometimes blighted the rental market."


"Consumer awareness is central to the success of both the NLA and ARLA's endeavors in this area; as we found with our own research, 95 per cent of consumers were unaware that you need absolutely no qualifications to be a lettings agent. As the body representing the UK's licensed lettings agents, ARLA would offer strong backing for a database of landlords - another important step in ensuring that the nation's tenants are protected from bad practice and that consumer awareness is raised."
(source www.arla.co.uk)

Rob Wellstead, Managing Director of Lenwell Property Services and ARLA Regional Representative commented, "I can't agree with Ian more!  Anything we can do to ensure that our industry raises its standards can only be a good thing.  The protection of consumers is of the upmost importance and should be at the forefront of our endeavors."

editor@lenwell.com

 

 

 

  
The Lucinda Newell Column

Lucinda Newell ColumnTo be seen pottering along the highways and byways of Luton in her Mini Clubman, her trusted Scottie Malcolm at her side, our super sleuthing property rental expert Ms Lucinda Newell is on the case on your behalf!


Rising Damp and Peeling Paper!

 

 

 

Following a recent meeting with the good people at Lenwell, I was struck by how many young people were milling around the centre of Luton.  Of course - it was Fresher's Week, a time when the town is inundated with eager young things, minds refreshed and wills renewed (to quote my old Headmaster!) after their long summer break. 

It occurred to me that here was a body of individuals that made up a huge proportion of the rental market and, as a rule; they were forced to put up with substandard and often outright dangerous accommodation. So, whilst trying not to feel too old and creaky, I decided to put pen to paper (well fingers to keyboard) and provide a bit of useful information on what to look out for when renting for the first time as a student!

You do not need to pay a fee for a list of properties available! As bizarre as this may sound there are still agents out there who do this.  Under the Accommodation Agents Act 1953 this is not allowed.  An agent can only charge for reserving a property, and an inventory etc.

Check that the property you are renting has a valid Gas Safety Certificate.  This should be no more that 1 year old as it is required to be renewed every year.

You will, inevitably be asked to either pay the full contract terms rent up front or be asked to provide a Guarantor.  When this happens, ask your agent, in writing, not to pay all of the rent to the Landlord immediately, but only as the rent becomes due.  This way, if the unforeseen happens (like your Landlord fails to pay his mortgage) you have not lost more than 1 months' rent.

In addition, be prepared to sign a 'Joint and Severable Liability' Contract.  Very few landlords will be happy to rent a whole house as individual rooms with separate contracts for each tenant.  Most reputable Agents will advise their clients (the Landlords) to have one contract with all the tenants i.e. if one tenant does not pay the rent the Landlord can look to the other tenants listed on the contract for payment.  Basically, one amount is owed to the Landlord and he/she will not care which tenant pays it.

Make sure the property you are renting complies with the new Houses in Multiple Occupation (HMO) Legislation.  I have written about this at length, so if you don't have a copy of my previous article, get in touch with me through my email and I will forward you a copy.

As with all my articles, the one constant theme is to use a regulated, bonded Agent such as Lenwell.  Someone you know has a protected deposit scheme, bonded client account and are themselves not going to run off with you money or use it to stay afloat and trade; it happens all the time - trust me!

 


editor@lenwell.com
  

 

 

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Property Standards Board Launches with Big Agenda

On Wednesday 16th September 2009 the Property Standards Board (PSB) officially launched and wasted no time revealing its primary objective of pushing for the mandatory licensing of both estate agents and letting agents.

The PSB, chaired by Dr Dianne Hayter a former chief executive of the European Labour Party, has been formed to promote the interests of consumers in residential property by improving standards and ensuring a joined up approach to standards, codes and information.

The Property Standards Board is a voluntary Board formed in 2008 as a joint industry response to the recommendations made by Sir Bryan Carsberg in his review of Residential Property: Standards, Regulation, Redress and Competition in the 21st Century.

This called for better consumer information, more certainty into the home buying and selling process and regulation of the sector to protect the consumer.

Following the publication, RICS, NAEA and ARLA together explored how the different strands of the industry could be brought together to develop his recommendations, and as a result, the PSB came into existence.

The Rugg Report, which was broadly accepted by the Government, called for mandatory licensing of all letting agents and the PSB is now making its case for estate agents to be included in licensing plans.

Dr Hayter said: "We are saying that it makes sense to put the two industries, sales and lettings, together. They are often the same businesses, with the same front door and same people. We think the Government's approach should be joined up."

Dr Hayter admitted that successive governments of both parties had resolutely decided against mandatory licensing of estate agents and was now hoping to change that mindset.

Does she have a battle on her hands? "I've had bigger," she said.

For more information please visit www.propertystandardsboard.org.uk

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..... and finally

Just when you think you have heard it all......

Lenwell comes to the rescue of some very pretty birds - obviously the feathered variety (I'm not that un-PC!) 


Having struggled to find a home that would also house his chickens, a tenant in Bedford found a much warmer welcome at the Lenwell office. No other agent would help but Lenwell stepped in and found the perfect property for his family and more importantly his chickens! After all we wanted to ensure that his chickens remained happy -Happy hens, happy eggs!

The Yolk was certainly on the other agents who definitely ended up with egg on their faces!

I'll get my coat!!

 

 

sincerely,

The Editor
editor@lenwell.com
 

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