Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
New Government PRS Database to Require Agent Involvement
A lettings industry body has stated that the government’s forthcoming Private Rental Sector (PRS) database should permit entries from agents acting on behalf of landlords. The database, which will be compulsory, is currently being trialled and is expected to launch later this year.
According to the report, landlords will be required to pay a fee to be listed on the new database. The system is scheduled to be unveiled in the coming months.
This development is relevant for UK letting agents and inventory clerks, as it may introduce additional administrative responsibilities once the database is operational.
Source: Letting Agent Today