Fact sheet: The Letting Agent Registration (Scotland) Regulations 2016

Regulation offers the potential to professionalise the industry, stamp out bad practice, create transparency and give consumers more control over who manages their property. Minimum qualification requirements and statutory Code of Practices to be adhered to by all letting and managing agents in England and sales agents across the UK should be introduced.

Since the introduction of the Private Housing (Tenancies) (Scotland) Act 2016, agents have had to adapt to working with the new Private Residential Tenancy (PRT) and get to grips with what that means for them on a day to day basis. One issue that was raised as a potential problem was how to deal with joint tenancies under a PRT where one tenant wants to leave.

More than 834,000 homes have left the UK private rented sector over the past decade, but a rise in new listings—driven partly by Build to Rent—means that rental supply is currently at its highest level for seven years. Professional agents play a crucial role in helping landlords understand their obligations, adapt to regulatory change, and operate successfully. Supporting responsible landlords to remain in the market is vital if tenants are to have access to an adequate choice of safe, affordable, and suitable homes.