Arla advises against unregulated landlords
The incoming president of the Association of Residential Lettings Agents (ARLA) has said he wants to ensure buy-to-let investors have a full understanding of their legal obligations as landlords.
David McMaster urged ARLA members to promote the Association's Code of Practice, which outlines key regulations that people who have flats to rent in London must adhere to.
"In the current market, it is vital that ARLA members take every opportunity to reinforce the message we must promote to the public," Mr McMaster stressed.
"They must use only regulated agents who are qualified in lettings and residential management. There is too much money at stake in rents, deposits and the value of people's homes and investments to ignore the benefits of using a professional ARLA agent."
He added that increasing numbers of people can be expected to stay in the rental market given the property downturn and difficulties associated with securing a mortgage.
There are presently some 500,000 buy-to-let investors in Britain, owning properties worth a total of £120 billion.
Published 14th May, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
The incoming president of the Association of Residential Lettings Agents (Arla) has said he wants to ensure buy-to-let investors have a full understanding of their legal obligations as landlords.