What Is The Requirement Of An Arla Registered Letting Agent

By Author: John Pring
Total Articles: 17
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A letting agent is a person or an agency that formulates an agreement between the landlord and the tenant for the residential rental premises. Many landlords hire letting agents to put their property on rent. But not all letting agents are honest and reliable. This sometimes leads to serious legal repercussions.



It is very important to hire licensed agents that offer professional and transparent services to their landlord. Let us see some of the benefits that a landlord receives when choosing an ARLA registered agents.



What is meant by ARLA?

The ARLA stands for “Association of Residential Letting Agents”. It is a professional membership and self-regulatory body solely established for letting agents and letting agencies. Only individual letting agents can become a member of this body. The role of this governing body is to provide professional trading standards. It ensures consumers especially landlords and tenants gets benefitted by a trusted and transparent service from its licensed letting agents.
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What makes ARLA membership superior?

All ARLA licensed agents will understand and keep themselves updated with the recent lettings legislation. Agents have to follow a Code of Practice and Rules of Conduct that have been prescribed by ARLA. Not following the conduct can cause an agent to be penalized or even expelled.

ARLA agents are needed to get trained and qualified as per the structured program “Continuous Professional Development” designed by ARLA. This helps in keeping the skills and knowledge of ARLA agents up to date.  So you must be rest assured of the genuine advice you are getting from them.



Services offered by ARLA licensed letting agents

Agents bearing this membership offer following services to the landlords and tenants.

ARLA agents are fully covered by the Client Money Protection Scheme. This means that if the agent goes bankrupt or indulges in an illegal act, the valuable money invested by tenants and landlords will be covered and protected.
These agents also have an annual independent audit.
They possess professional indemnity insurance. This provides a sense of peace of mind to the landlord in cases when they come across any negligence or bad advice.
With their help landlords can easily sign up to an independent redress scheme.
All agents licensed by ARLA, are known to exhibit high professional standards and code of conduct. Their practices abide by a rigorous code of practice.
If something goes wrong with an ARLA agent, you know you have the option to redress the situation by taking the matter up with ARLA.

Thus to save your property, it is advisable to ensure that the letting agents you hire are ARLA registered agents. This assures you about transparency, authenticity and safety of the legal procedures adopted by them. This also gives a sense of peace to the landlord.