THE thrust of the Rugg Report commissioned by the Government was to look at ways of “professionalising” the residential lettings sector.

The report said: “Market forces do not adequately police management quality in the PRS sector, since there is an excess of demand for rental property at the bottom of the sector.

“Managing agents are unregulated and there is widespread dissatisfaction with their standards.

“Accreditation carries the potential to improve better management practice among landlords who already seek to operate in a professional fashion.”

It is now likely the report will languish in a ministerial draw until at least after next year’s general election.

Richard Globe is hopeful things will start moving after the election, with a Conservative victory at the moment looking to be the most likely outcome.

“I think a change in Government would be good news for the sector,” he said.

In the meantime, the Association of Residential Letting Agents (ARLA) has attempted to implement high standards among its members.

ARLA now requires all of its members to be licensed under its own scheme, and they will have to adhere to a strict set of standards.

These include requirements to undergo training for recognised qualifications and commit to ongoing development. Client money protection schemes and annual audits are also included.

Ruth Lilley, of ARLA, said: “ARLA has lobbied the Government for 10 years to assist us in establishing higher industry standards. For too long, the rental sector has been seen as the black sheep of the property market.”