Regulation(RoPA) now very unlikely

Eddie Hooker of Hamilton Fraser, believes that because RoPA regulation was left out of Queen's Speech again, it's clearly in the long grass.

The Regulation of Property Agents (RoPA) proposals appear pretty much dead in the water, given their absence from the government’s plans for the next year within the Queen’s Speech, a leading industry figure has claimed.

Eddie Hooker, who is CEO of Hamilton Fraser the operators of the PRS, myDeposits and CMP, believes the proposals to regulate the industry contained within RoPa produced by Lord Best and his working group are now ‘very unlikely’ to see the light of day ‘in the form previously suggested’. As many agents will remember, during the 18 months following Lord Best’s report in July 2019, the industry reached fever pitch as many organisations including Propertymark, the IRPM, RICS and National Trading Standards heralded its regulatory framework recommendations as a ‘new chapter’ for estate agency.

These included compulsory basic qualifications for agents, licences for estate agencies and an overarching regulator for the property industry.

“The proposals within the RoPa were widely welcomed up and down the industry and championed eloquently by Lord Best and many others and on the face of it, being kicked into the long grass looks puzzling,” says Hooker.


“But the current government is very much focused on bringing fairness and transparency to the PRS for consumers rather than regulating letting agents, and looking at the Queen’s Speech, they’ve got a lot of other legislation to get through parliament as it stands.”

But Hooker says he senses that letting agents are not entirely off the regulatory hook.

“The way some of the policy briefings have been worded that we’ve been sent suggests that the government wants agents to play a greater role in ensuring their landlords understand and meet their responsibilities,” he says.

<img src="" alt="" />

Written by Nigel Lewis

Source The Negotiator


Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - SafeAgent Membership :A2134

Property Redress Scheme Membership details - The Property Ombudsman, Membership Number : L00086