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A better regulated PRS would ‘enhance the landlord-tenant relationship’

More needs to be done to improve transparency and standards in the private rented sector, according to the Royal Institute Of Chartered Surveyors (RICS). 

RICS, which supports and is currently working with Lord Best and his Regulation of Property Agents (ROPA) working group, points to the fact that the PRS had the highest proportion of properties that failed to meet the Decent Homes Standard and the highest proportion of homes with a category one hazard in the 2017/18 English Housing Survey. 

RICS is currently helping to develop an updated PRS Code of Practice, to be released in autumn, designed to help professionalize the sector. 

RICS wants to see the government adopt and support ROPA recommendations for agents and landlords, with minimum standards, accreditation of practitioners, and compulsory continuous professional development.

RICS also wants to see the government draw up plans for an extension of regulation to cover all private landlords with a clear timeline of implementation.

The latest sector policy statement from RICS says: ‘We believe that the way to raise standards in the PRS is to ensure that all individual lettings, estate and property management practitioners and firms are consistently regulated and subject to a single, consolidated residential property code, by new regulator with powers to delegate regulatory functions to selected designated professional bodies, as advised by the recently released ROPA report. 

‘A regulated PRS would enhance the landlord-tenant relationship, as well as build institutional investor confidence in a growth sector that offers housing solutions to increasing numbers of households. As a sector leading body, RICS already create and regulate professional standards in property and of our professionals who work within the industry.’ 

  •  G romit

    How about just enforcing the myriad of Laws and regulations that exist already, more than virtually any other industry.

    More rules and regulations just drives more good Landlords out of the PRS, leaving the rogue Landlords who ignore ALL the rules and regulations anyway.

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    Come on Stop it, a better relationship between Landlords & Tenants by more Regulation, who are you kidding the last 10 years have been spent by them driving a wedge between us.

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    I agree with both posts. Decent landlords and tenants have always had good relationships as it's in both their interests. Both type of rogues ignore all the rules, so more regulation helps no one except the self interested "experts" who want to make self-management too complex for the average landlord.

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    Posted twice in error but seems impossible to remove second post!

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    Absolute Tosh by RICS - should be ashamed of themselves.
    90% of PRS are satisfied - How many of RICS customers are satisfied.

    I'm sure more Regulation, or even a FRACTION of the Regulated-to-Death that PRS has got would improve RICS customer satisfaction rates ?

    How about it RICS ? - suddenly not so keen are you ?

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    I must say that the figures quoted surprise me?
    The Housing Associations in my area are without doubt the worst offenders when it comes to issues such as damp and other problems.
    The trouble is that they do absolutely nothing about it, prompting tenants to go to the local paper to bring it to the public's attention.
    If I did that I would have Rent (not so) Smart Wales on to me.
    Of course, these rules don't apply to Housing Associations, so they can just ignore the problems.
    These organisations like the RICS et al are just pushing their own agenda.

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    When I let a property surely a category 1 hazard would be shown on the inventory. Quite often this sort of hazard comes from tenants misuse (we know this)
    RICS who over the past 10 yrs has behaved outrageously. It’s their members that valued properties up in 2007 with no concern as they got rich off the fees but now they do nothing but downvalue to protect their indemnity.
    Shamelessly developing their next market surveying tenanted property at our cost

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