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Scheme to help landlords avoid liability insurance claims?
14th July 2011
A scheme launched by the National Landlords Association (NLA) to help better regulate the private-rented sector has been declared a success a year on from its launch.
The NLA Accreditation Scheme is now used by 28 local authorities, having first gone into practice in April last year.
Owners of buy-to-let properties who sign up to the scheme could find it easier to avoid having to make claims on their landlord liability insurance, as it provides local authorities with the means for compliant landlords to self-regulate and keep up-to-date with best practice and legislation.
This also helps to free up local authorities to target the small number of rogue landlords that blight both tenants and those in the industry.
"The NLA Accreditation Scheme provides local government with a valuable vehicle to raise standards within the private-rented sector and local authorities are now waking up to its potential," said NLA chairman David Salusbury.
"The fact landlords can become accredited through the NLA's Scheme without cost to the public purse is an obvious benefit."
To date, 85 per cent of landlords completing the scheme described it as 'excellent', said Mr Salusbury, while landlords can also use the fact they have completed the scheme to attract tenants.
"The NLA Scheme provides landlords with a clear way of demonstrating that they are professional by understanding their obligations, as well as the extensive legislation governing the letting of private residential property," he commented.
"We're very pleased with the feedback from participating landlords. These individual landlords will now be able to promote that fact that they are accredited by the NLA."
Schemes such as these could become increasingly important as the number of people living in rented accommodation rises.
Recent figures from the Department for Communities and Local Government show that the number of private renters increased from 2.15 million in 2003-04 to 3.35 million in 2009-10, a rise of 55 per cent.
Posted by Noah Collins