10 LINCOLNSHIRE TODAYHODGSON ELKINGTONHodgson Elkington LLP, 1 Oakwood Road,
Doddington Road, Lincoln, LN6 3LHTel: 01522 698899
Fax: 01522 698900
Emaildwc@hodelk.co.uk
Web:www.hodelk.co.ukFully Tiled Display8217sFree Quotes 8226 0% Finance available:Try us
today and
see the
difference2Edison Court, Enterprise Business Park, Spalding,
Lincs, PE11 3FX Tel: (01775) 724600
4 Phorpres Close, Cygnet Park, Hampton, Peterborough,
PE7 8FZ Tel: 01733 345 554 Fax: 01733 345 522The importance of
regulation for
landlords and tenantsBy Duncan Chambers of Hodgson
Elkington LLP, Chartered Surveyors.With house sales slowing recently
and the credit crunch continuing to
bite deeper into disposable incomes,
many will remain in the private
rented sector, due to either difficulties
in getting a mortgage or finding the
property of their choice to purchase.
However, there are large parts of the
rental market, which are unregulated,
leaving both landlords and tenants
exposed to poor quality service and/or
risk with their funds. Not all deposits
require to be protected by tenancy
deposit protection.
My views and opinions are
mirrored by the President Elect for the respected Association of
Residential Letting Agents (ARLA) in that landlords /tenants should
ensure they use regulated agents qualified in lettings and residential
management.
There is too much money at stake in rents, deposits and the value
of people8217s homes and investments to ignore the benefits of using
professional ARLA agents such as Hodgson Elkington LLP.
As such, clients can be assured of Client Money Protection,
separate bank accounts for all client funds, client accounts that are
checked annually by independent qualified accountants, Professional
Indemnity Insurance and membership of a tenancy deposit scheme.
People should check that their agent also has an internal
complaints procedure, with a Code of Practice that includes the
obligation to submit to disciplinary action by an independent body
and employ professionally trained and qualified staff.
ARLA and the NAEA (National Association of Estate Agents) are
leaders in training and education within the industry, leading to the
National Federation of Property Professionals being recognised as an
awarding body for nationally recognised qualification in Residential
Lettings and Property Management.
A professional agent is a must in order to protect both landlords
and clients interests.
For further information relating to the letting and
management of residential properties, contact Duncan
Chambers at Hodgson Elkington LLP at dwc@hodelk.co.uk
or Tel 01522 698899.006-007-008-009-010-011-012-013:Layout 1 16/5/08 15:53 Page 5
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