The UK Private Rented Sector has grown rapidly over the last 20 or more years, fueled by changes to tenancy laws, buy-to-let mortgages and changing housing needs. But the Private Rented Sector faces a raft of challenges from increasing legislation, unique tax burdens and low media esteem. Good landlords and letting agents are bracketed with the small rogue element that afflicts every industry.
The Scottish and Welsh Governments have adopted national solutions to the issues surrounding the Private Rented Sector. The UK Government has effectively devolved powers to English local authorities. In all cases it is local authorities who are expected to both police and work with private sector landlords.
At the same time landlords and agents feel that there are excessive regulatory burdens being placed on them. Furthermore, they feel that it is the ‘good’ landlords and agents that are being targeted by this increasing legislation whilst ‘bad or ‘rogue’ landlords escape without cost or penalty. This leads to friction between local authorities and landlords/agents.
The Private Rented Sector needs a platform where good landlords and agents can demonstrate to local authorities that they are professional, open and honest. At the same time local authorities need to be able to check statutory documents quickly and easily without tying their staff or landlords and agents up in unnecessary red-tape. If this can be done it frees the local authorities to be able to target bad landlords and agents.
At the same time this platform can provide landlords and agents with everything they need to run their businesses more efficiently and profitably.
The answer is Lets Process.
How Lets Process works for Local Authorities
For the first time in the UK local authorities can now actively monitor compliance on every individual landlord, letting agent and property in their area in real time. And you can do this without the need to devote huge resources or even leave your office.
The future of local authority relationships with landlords and letting agents has arrived.
Lets Process is a cloud based Professional Property Management System that enables landlords and agents to manage their properties wherever they are, 24 hours a day, 7 days a week. There is no software to download as everything is held on our secure servers which are constantly backed up. Lets Process use security standards that are more robust than those used by high street banks, ensuring that data is protected at all times.
Once data is uploaded by a landlord or agent the local authority can access and check the data provided across 14 key fields:
Lets Process enables a local authority to quickly check each property, landlord and agent against these 14 points using a visual system of a green tick for full compliance, a yellow question mark for possible infringement and a red cross where statutory information is missing.
The benefit to a local authority is that thousands of properties, landlords and agents can be instantly checked and documents can be scrutinised all from any internet connected computer, tablet or phone.
For the first time local authorities can check whether or not landlords are complying with legislation without the need to visit each landlord or agent, making huge cost savings for the authority, whilst at the same time giving a level of detail previously unavailable without devoting unaffordable resources and time.
Lets Process gives every local authority an unprecedented level of knowledge, understanding and control over the Private Rented Sector in their area, benefitting all good landlords, letting agents and tenants and helping to identify bad or rogue landlords and agents.
By using Lets Process an authority can demonstrate to all interested parties that they have an unprecedented level of control and understanding of the Private Rented Sector in their area at minimal cost.
We have developed a system that will deliver considerable cost savings to local authorities compared to existing methods of monitoring the Private Rented Sector in your area. We will be pleased to discuss how every you can benefit from these savings by implementing Lets Process.
Please either complete and send the form below or email Lets Process at firstname.lastname@example.org or telephone us on 01352 721300. We look forward to hearing from you.