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NAO Report on the regulation of private renting

10th December 2021

Welcoming the National Audit Office’s (NAO) Report on the regulation of private renting, which safeagent contributed to, Isobel Thomson, Chief Executive, said:

“Over the last few years, we have seen many well intentioned pieces of legislation introduced to improve the PRS. These should have made a real difference, but as the NAO’s Report evidences, their application and enforcement has been inconsistent and disjointed. This is disappointing and does little to improve the lives of those in the sector who need the most help. 

“The key finding of the Report was that DLUHC must develop a clear vision for the PRS and move away from the current piecemeal approach to regulation. We welcome this – if change is going to happen, a clear, consistent strategy for the PRS must be delivered.

safeagent believes effective enforcement is fundamental to better regulation and we want to see a coherent plan to assist Local Authorities in delivering their regulatory responsibilities in the PRS. Overall, this would deliver on the levelling up agenda which the Government is committed to taking forward. As an organisation who spearheaded the campaign for mandatory Client Money Protection (CMP) we want more robust enforcement against those agents who are still not registered with CMP schemes and who place consumers at risk. We look forward to the Government’s White Paper in 2022.”

Read the NAO report – Regulation of private renting

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