Investment Property News - Bueno Investments Limited

Agents and landlords should not take advantage of the current demand for housing in the private rented sector following the credit crunch by cutting corners, a trade body has warned.

It is in the interest of landlords and agents to comply with regulation and best practise to prevent problems, the Association of Residential Letting Agents (ARLA) said.

Times had moved on since the early nineties when the last housing crisis produced soaring rental demand, cowboy agents and rogue landlords, it said.

"We are still worried that some landlords may try to cut corners and not comply with legislation covering safety and the protection of tenancy deposits, Ian Potter, ARLA Head of Operations, said.

"We are also worried that there could be an upsurge in lettings agencies opening for business, without being members of the professional bodies, having the right qualifications and providing clients money protection."

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http://www.buenoinvestments.com/uk_property_investment.php (UK Property)

http://www.arla.co.uk (Association of Residential Letting Agents)