camden.gov.uk Lucy Hutton Licencing & Compliance Officer The London Rental Standard Establishing professional standards in the private rented sector
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camden.gov.uk
Lucy Hutton Licencing & Compliance Officer
The London Rental StandardEstablishing professional standards in the private rented sector
camden.gov.uk
Introduction
• The growing private rented sector • The London Rental Standard (LRS)• How it operates• Why become LRS accredited?
camden.gov.uk
Growth in private renting - projection
0%10%20%30%
40%50%60%70%
1961 1971 1981 1991 2001 2011 2021
OwneroccupiedSocialrentedPrivaterented
camden.gov.uk
camden.gov.uk
camden.gov.uk
What is the London Rental Standard?
• Set of minimum standards for landlords and agents • Under-pinned by landlord accreditation or membership
of professional body. • Landlords – fit & proper person, attended training, CPD• Agents – Independent redress, CMPI, trained staff in
branches• Target of 100,000 landlords and agents
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How does it work?
• 7 ‘Accreditation Providers’• 13499 Landlords• 1495 managing and letting agents • Compliance checks• Costs
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2L 28 London Rental Standard launch 28th
May
Launch date 28 May 2014
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Marketing campaign – 2 phases
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Why join the London Rental Standard?
“…my tenants know I have a level of competency…”
“…tenants see you in a more positive
light…”
“…Even though I am an experienced
landlord, there is a lot I have learnt from
being accredited that I didn’t know before…”
“…the training and social events are great
opportunities to network and explore business
opportunities…”
“…they keep me up to date on all new
information that might affect my business…”
“…I got free emergency cover with my home
insurance and a discount with My Deposits…Every
little helps”
http://www.london.gov.uk/priorities/housing-land/renting-home/london-rental-standard/for-landlords
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1. How often should a landlord get a gas safety check?a) Once a yearb) When a new tenant moves inc) When you smell gas
2. What is the average rental deposit?d) Six weekse) Twelve weeksf) Sixteen weeks
3. Are you obliged to issue a written tenancy agreement? g) Yesh) No
4. What are you going to do after this presentation?
London Rental Standard - QUIZ!
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To find out more visit www.london.gov.uk/landlords
Lucy HuttonLicencing & Compliance Officer
London Borough of [email protected]
020 7974 2501
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