Over Easter you may have seen the Government announced some important updates relating to the private rental sector. Some key points are listed below:
It is expected these changes will come into force early next year and as a local agent that likes to stay ahead, Belvoir will keep you up to date with any important changes surrounding this.
Belvoir very much welcome these changes which should see improved regulation of the industry. Moreover Belvoir's Central Office are expected to be involved in the development process of these new regulations.
A further announcement in the industry is that Client Money Protection (CMP) will become compulsory for all agents, with repercussions for those who fail to abide being in the form of a civil penalty of up to £30,000. This is another change that Belvoir fully welcomes as we have always had CMP in place as best practice.
For more information about Belvoir Sales & Lettings call 0161 956 8655
