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The Association of Residential Letting Agents ARLA was formed in 1981 as the professional and regulatory body for letting agents. It was seen that so detailed and specific were the requirements of the residential lettings market that a separate organisation was required to promote standards in this growth sector of the property market. ARLA appraises and regulates all member companies and provides guidelines, training and advice. This ensures that a framework of ethical standards and professionalism is maintained at a level far higher than the law demands as the skills of member firms and their staff are continually developed by ARLA seminars and training courses. These are held at national and local levels. Membership is only achieved after strict investigation and interview. ARLA members must have a full understanding of the terms and provisions of successive Rent Act's, Housing Act's and contract law. ARLA is recognised by government and local authorities, consumer interest groups and the media as the leading professional body in the private rental market, now understood to be vital to the housing sector and the economy as a whole. ARLA has the experience and knowledge to equip letting agents to deal with the complexities of letting for both landlords and tenants and to campaign for necessary changes in legislation and practices. ARLA has launched the Buy-to-Let scheme which is a joint initiative with mortgage lenders. The scheme is designed to help private individuals to invest in property to let without being penalised by mortgage surcharges or paying commercial rates of interest. Mortgage lenders in the Buy-to Let scheme will take account of rental income likely to be achieved from a property. |
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