A leading residential property specialist has backed a Property
Ombudsman's Annual Report, recommending calls for regulation of the
Private Rented Sector following a rise in complaints received from
the public.
"The increase in the number of complaints recorded by The
Property Ombudsman is unsurprising, given that the Ombudsman
covered more tenancies during 2010.However, as the Ombudsman says,
the regulation of letting agents is well overdue, something we have
consistently called for," said Jill Elkington, East Midlands
spokesperson for the Association of Residential Letting Agents
(ARLA) and Residential Letting manager for Hodgson Elkington,
chartered surveyors based in Lincoln.
"The absence of regulation means the consumer is left
vulnerable, with nowhere to go when there is service failure or
fraud, ARLA has long campaigned for the introduction of compulsory
regulation of lettings agents, along the same lines as our own
member-led licensing scheme, launched in 2009. This means there are
client money protection and redress schemes in place if things go
wrong.
"ARLA members are required to sign up to an Ombudsman scheme,
and the increase in issues being referred to the Ombudsman
demonstrates the value of this to clients of ARLA members; in
conjunction with client money protection, which operates in a
similar manner to an ABTA bond should an agent default with
clients' funds.
"We believe that the Government must look again at introducing
regulation, in order to eradicate unprofessional, unqualified and
unethical agents from the marketplace and increase protection for
both tenants and landlords," said Jill Elkington.