On 26 May 2014, the Mayor of London, Boris Johnson, launched the London Rental Standard (LRS). This bold initiative is designed to raise professional standards in the capital’s private rented sector by providing a consistent benchmark of accreditation for consumers. LRS is a voluntary set of minimum standards that the Mayor expects of letting agents who operate in London’s private rented sector.
The Association of Residential Letting Agents (ARLA) has been appointed by the Mayor as one of the accrediting bodies for London Rental Standard. As an organisation, we believe in maintaining the highest professional standards in the sector and have long called for more regulation of letting agents.
ARLA fully supports the aims of the London Rental Standard. It is crucial we eliminate the small minority of rogue landlords and agents who neglect their responsibilities and bring our industry into disrepute. We are therefore proud to be working with the Mayor on this first step towards a more regulated industry.