In early September the government launched a new PRS (Private Rented Sector) code to provide guidance to letting agents and landlords on how to achieve high standards.
As existing members of The Property Ombudsman Scheme Mackenzie Smith already follows the strict guidelines laid down relating to customer service and welcomes the opportunity for more agents to join and improve standards across the industry.
Christopher Hamer, the Ombudsman, said “The new Code is a milestone for the industry as it provides a set of principles for every landlord and letting agent in the private rented sector to follow, which TPO has championed the idea of for many years. The new Code will act as a complementary pathway to the more detailed standards in TPO’s Lettings Code of Practice that was established in 2006.”
The recent HomeLet Rental Index survey suggesting that the rise in rental levels has slowed down is a little misleading and it is important to remember that this is a National survey.
Certainly in North Hampshire the rental market continues to grow with more and more people turning to property as an investment and an increasing number of people happy to sell and move into rented accommodation while they search for a property to buy.
Generally speaking across our whole are that includes Hook, Hartley Wintney, Fleet, Farnborough and Ash Vale we have far more people looking to rent than we have available properties and this contributes to keeping rental values stable.
Experienced landlords will also appreciate that it not always about getting the highest amount of rent possible but also take into account the length of the tenancy and likely wear and tear on the property.
Source: Property Drum