Letting agents managing properties in Scotland have recently been subjected to a whole host of new legislation, in particular The Letting Agent Code of Practice (Scotland) Regulations 2016. At Let’s Comply we understand that the Code has increased an agent’s daily workload along with the pressure of complying with new legal obligations, when there are simply not enough hours in the day to start with. Using our skills and experience, the services and products we offer guarantee accuracy, compliance and, most importantly, will save time.
The Code of Practice places the following legal obligation on a Letting Agent: -
Before taking instructions - In your dealings with potential landlord clients you must:
take reasonable steps to check the identity of each landlord to ensure that they are who they say they are and that they are the legal owners of the property or have permission from the owner or power of attorney – for instance, asking for an official form of identification; proof of address; proof of ownership and, where applicable, landlord registration number or company registration number.
The Section 3 report is the answer for agents looking to comply with their duties in ensuring the landlord or potential landlord is the legal owner of the property. The easy to read Section 3 report provides that confirmation.
Let's Comply was founded by the Directors, seasoned property professionals with years (more than they would like to admit) of experience in letting agency work, legislation and legal compliance, conveyancing and title searching. The concept of providing a specialist offering to letting agents came with the introduction of the Letting Agent Code of Practice, placing the responsibility with the agent to ensure the landlord is the legal owner of the property. The Section 3 Report became the fast, accurate solution to guarantee agents meet those responsibilities and remain fully compliant.