Reaction: Code of Practice for Letting Agents edges closer

A few weeks ago the Scottish Government launched a consultation period for its planned Code of Practice for Letting Agents.

The Code of Practice includes, amongst other things, a requirement for all letting agents to go through training before they can be added to a register.

A regulation framework for Scottish agents was proposed under the Housing (Scotland) Act 2014. It incorporates the following: a mandatory register for letting agents with an associated ‘fit and proper’ person test; a training requirement that must be met before an applicant can be admitted to the register; a statutory code of practice all letting agents must follow; a way for tenants and landlords to resolve complaints against letting agents for breaches of this Code through a new specialist First-tier Tribunal; and powers for Scottish Ministers to obtain information and of inspection to monitor compliance and enforce regulatory requirements.

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Scotland’s housing minister, Margaret Burgess, said the government wants to see a “private rented sector that provides good quality homes and high management standards, inspires consumer confidence and encourages growth”.

She added that letting agents were a vital part of achieving this vision, driving up standards in the industry, providing a high-quality service to both landlords and tenants, and empowering customers.

At Letting Solutions we agree that the Code of Practice is a step in the right direction towards raising standards across the board.

The consultation period closes on November 15, with responses set to be used to determine the training requirements and finalise the Code of Practice.

For more information about letting your property in the West Lothian area, please get in contact with us on 0845 520 1420. To work out how much you could be securing in monthly rents, check out our instant online valuation tool.