How Well Do You Know Your Landlord?

20/04/2020

The NRLA (National Residential Landlords Association) is the accrediting body for professional landlords. To join them, theres an admin fee of £75 per annum for cover of up to two landlords, or £155 for a business. However, to be clear, an accreditation cannot be bought. Once your annual subscription is paid, the process of becoming accredited is not an easy one - heres what an professional accredited landlord has completed if they have chosen to do their accreditation on the NRLA Website:

- 7 sections of online courses which cover Starting up, Estate & Lettings Agents, Safety, Tenancy, Financial, Property and Regulatory Regime 

- Each section has a number of categories; 90 in total

- Each category has a multitude of sub-catergories; a staggering 817!

- Circa 70-75% of these categories require an online test which must be passed with 100% to allow acceditation

- A number of these categories also have videos to watch to help embed the learning

- Some local councils will additionally have their own schemes which require face to face seminars on specific requirements for that area

- Once successfully accredited, landlords must undertake 10 hours of continuous development each year to maintain the accreditation. This could be in the form of attending property courses/ webinars/ reading material etc, which must be logged on the NRLA website as proof

Reading the above list, you can see why it might be beneficial to ask the letting agent who your landlord is, and if they are accredited. In our world, we believe this extensive knowledge that a professional landlord can bring to the private rental sector, should give the tenant(s) peace of mind that they are in safe hands, and that their landlord has been given the tools to be competent in their role.