Meurig Lloyd London Landlord Accreditation Scheme
What Is Accreditation ? Voluntary compliance with standards Acknowledges and encourages good landlords Gives market advantage
What is the London Landlord Accreditation Scheme? Partnership Accredits Landlord Recognition for Good landlords Not a standard setter
What is the London Landlord Accreditation Scheme? Helping you get it right
Aim Provide landlords with the information and skills to :-. operate a successful business. provide tenants with safe, high quality accommodation. reduce the need for Council intervention.
What Can I Do If……………… The tenant abandons the property? Only 2 legal solutions….
What Can I Do If ……………? The tenant changes the locks to the house and refuses to give me a key? Contractual
Housing Act What happens if I fail to licence my property under the new Act? Fine plus………………
What Can I Do If……………? If tenant turns out to be a tenant from hell? IT’S TOO LATE!!!!!!!
Background to Scheme Launched July 2004 Partnership Working –London Boroughs –Landlord organisations NLA, NFRL –University Accommodation Units –NHS Accommodation teams PLUS Advisory group of landlords
Three Elements of LLAS 1. Knowledge & Skills 2. Code of Conduct 3. Fit & proper Person
What’s in It for Landlords? Up to date knowledge Comprehensive reference manual Business advantage Preferential treatment by University & NHS Accommodation Units
What’s in It for Landlords? Grants Individual LA policies LLAS grants Financial incentives Discounted HMO licensing Fees Discounted insurance Discounted goods Access to guaranteed lettings
What’s in It for Councils? Better quality private sector Targeted enforcement Improved relationships Better joint working with LAs Lower churn rate
Who Can Be Accredited? Sole Traders Limited Companies Partnerships Prospective landlords Currently investigating the accreditation of Agents
Once Accredited…..That’s It? 5 Years Accreditation removed if :- –Made false statement –Breach Code of Conduct –Prosecuted
Once Accredited What Do I Need to Do? Keep up to date with changes affecting rental market –Be member of landlords organisation –Attend additional LLAS development courses –Attend London Landlords day seminars –Undertake additional training