A consultation is under way with regards to a licence required by anyone letting their property. This new scheme will require all landlords to sign up to a national register before they can rent out their property.

The idea is to keep track of “rogue” landlords for the protection tenants. Quite often tenants will move into a property and be subject to a minimum lease requirement. Upon entering the agreement, the landlord may not fulfil their end of the bargain (i.e. maintaining the property, etc).

The obvious downsides to this scheme is that existing landlords will cause an uproar on the fact that it will cost money (a figure which is yet to be determined) to be on this register. The thing is, it will hopefully make renting more lucrative to tenants who can be more sure that the landlord they are about to rent is reputable.

Landlords who fail to do what they should be doing will be blacklisted from the register and will then be unable to rent their property out. I think this is a good idea but they cannot make the costs to high, if anything at all, as it will do more harm than good with another extra cost to people who are probably renting their property and only just breaking even on their costs.