On 1 April 2018 the Ministries of Housing, Communities and Local Government (MHCLG) announced proposals for the introduction of new measures to regulate letting and managing agents.
The announced proposals include:
- an independent regulator and code of practice for letting and managing agents
- easier means by which to help leaseholders challenge unfair fees and service charges
- and possible prosecution for those who severely breach the code.
To further professionalise both letting and managing agents will be required to obtain a nationally recognised qualification to practise, with at least one person in every organisation required to have a higher qualification.
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