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

Requirements and expectations have been clarified in an update provided to Scotland’s private rented sector (PRS), particularly on training and registration.

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.

As the home finance market grows more complex, estate agents are urged to help educate consumers on their options. Buyers often struggle to understand the range of products available or how affordability is assessed, and property professionals are well placed to guide clients towards independent advice and trusted resources.