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Full Material Information guidance published
The National Trading Standards Estate and Letting Agency Team (NTSELAT) has released comprehensive new guidelines covering all three phases of the programme, which aims to improve and standardise disclosures in property listings, helping agents to meet their legal obligations.
Propertymark and PayProp are cutting compliance costs for members
The unique partnership has seen client account health checks and accountants' reports waived for letting agent members who use PayProp’s client accounting platform.
What Anti-Money Laundering procedures are letting agents responsible for?
Letting agents who deal with properties that have monthly rents equivalent to €10,000 or more have responsibilities under Anti-Money Laundering (AML) regulations to prevent their services from being used for money laundering or terrorist financing activities.
Fines for Right to Rent failures set to triple
Due to take effect at the start of 2024, the higher fines represent what the Home Office describes as the biggest shake up of civil penalties since the checks were first introduced and will include charges of up to £20,000 for repeat breaches.