BDC Magazine - Online version December 2015 Issue - 216 | Page 17

ARLA.qxp_feature 2 19/10/2015 09:52 Page 15 The foremost professional body ARLA was formed in 1981 as the professional and regulatory body for letting agents in the UK In the competitive property market, characterised by change ARLA-certified and turbulence, only one thing remains the same: accredita- Indemnity Insurance. Of chief concern to tenants is the safe- tion with the Association of Residential Lettings Agents ty of their initial deposit and, with such stringent regulations, (ARLA) is imperative if companies offering landlord servic- all worries are alleviated. Tenants and landlords alike also es are to remain afloat. It is something, more often than not, have the advantage of working with agents with the utmost to which both companies and tenants look toward when dedication to quality lettings – as evidenced by the thorough selecting a property, as a means to ascertain whether proper- and continuous training regime ARLA has in place. ties and companies adhere to the quality they expect. agents are guaranteed Professional Moreover, as government legislation continues to change, Having accumulated over thirty years in the industry, ARLA and more serious measures are put in place for those not in stands as UK's foremost professional body for letting agents, compliance, it's of real significance that lettings agencies and acts as a measure of assurance for those looking to let or strive to maintain such compliance. Just recently, the terms rent properties. As a highly-exclusive trade association, its 7,900 of the Section 21 notice for eviction changed – giving tenants members are afforded sector-wide recognition and, as such, are more right to object, as well as the regulation of smoke and obliged to undertake rigorous and ongoing training to maintain carbon monoxide detectors, with landlords now needing to the prestige that comes with such identifiable repute. To make ensure a more extensive implementation of the devices. The the grade, members must demonstrate compliance with the pro- organisation has welcomed the changes and ensured its fessional standards outlined within the ARLA Byelaws and members adhere to the new laws. Wi th ARLA registration Code of Practice, and therefore their continued commitment to comes the promise that agents need not encounter the impli- high standards within the lettings agency sector. cations of neglecting to follow legal requirement. ARLA In the contemporary moment where standards of rental members are obligated to remain up to date on all new legis- properties are falling, and landlords are projected as increas- lation passed, and ARLA therefore promotes absolute trans- ingly despondent with respect to standards of accommoda- parency amongst members, with the certainty of exceeding tion, seeking ARLA accreditation has never been more expectations at every level. important. As David Cox, Managing Director of ARLA Engaging with, and addressing both government reminds us, “There are no restrictions on who becomes a let- demands and the anxieties expressed by first-time and habit- tings agent, so seeking advice from an agent affiliated to a ual renters, ARLA is galvanising the practices of the sector, professional organisation is highly recommended. They are stimulating a progressive culture which constantly looks to trained, offer clients money protection, and there is a redress better itself. As interest in the rental market soars, and the scheme in place if things go wrong.” number of letting agents increases in conjunction with As alluded to, members benefit from ARLA's Client Money Protection (CMP) Scheme and clients opting for demand, differentiation is key to ensuring viability; membership with ARLA provides that differentiating feature.