Mayor Boris Johnson’s London Rental Standard (LRS) has kicked off – setting minimum standards for private rented property in the capital.
The LRS is a set of minimum standards for landlords to offer tenants.
Johnson’s aim is to set consistent guidelines for landlords and letting agents in the capital, regardless of which borough they run their property businesses in.
Many of the guidelines are basic legal requirements – like providing written tenancy agreements, protecting deposits and maintaining gas and electricity safety standards.
The LRS are written into landlord accreditation schemes run by London’s councils and several housing and landlord organisations, like the Residential Landlords Association and the National Landlord Association.
Joining the scheme also comes with discounts from insurance firms.
“The London Rental Standard sets new standards in the private rented sector and helps Londoners rent with confidence,” said a spokesman for the Greater London Authority. “Accredited landlords can enjoy peace of mind that they’re complying with the law and offering a good service to their tenants.”
Landlords who sign up for accreditation and pass property inspections can display a London Rental Standard badge.
The aim of the scheme is to raise basic living standards in private rented homes across the capital and to highlight bad landlords.
Landlords also have to sign up to a code of practice and pay fees for accreditation courses.
Green Party London Assembly member Darren Johnson said: “The mayor’s standard gives tenants no real protections against landlords evicting in retaliation for complaints, or against big rent hikes, and fails to ban outrageous letting agent fees. He is effectively endorsing six landlord registers that will only cover good landlords. We need regulations to protect tenants from all the rest.”
For more information about the London Rental Standard, see the dedicated web site