camden.gov.uk Lucy Hutton Licencing & Compliance Officer The London Rental Standard Establishing 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

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’ Landlords 1495 managing and letting agents Compliance checks Costs

camden.gov.uk 2L 28 London Rental Standard launch 28 th May Launch date 28 May 2014

camden.gov.uk Marketing campaign – 2 phases

camden.gov.uk 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” home/london-rental-standard/for-landlords

camden.gov.uk 1. How often should a landlord get a gas safety check? a)Once a year b)When a new tenant moves in c)When you smell gas 2. What is the average rental deposit? a)Six weeks b)Twelve weeks c)Sixteen weeks 3. Are you obliged to issue a written tenancy agreement? a)Yes b)No 4. What are you going to do after this presentation? London Rental Standard - QUIZ!

camden.gov.uk To find out more visit Lucy Hutton Licencing & Compliance Officer London Borough of Camden