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

camden.gov.uk

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

camden.gov.uk

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!

camden.gov.uk

To find out more visit www.london.gov.uk/landlords

Lucy HuttonLicencing & Compliance Officer

London Borough of CamdenLRS@camden.gov.uk

020 7974 2501