With the new Letting Agent Code of Practice (Scotland) Regulations coming into force on 31 January 2018, ARLA Propertymark has warned agents to be ready.

The Code of Practice that all letting agents must comply with is designed to ensure uniformity in quality service across the industry. It will cover standards of practice, handling of tenants' and landlords' money, and professional indemnity agreements.

Part of a wider raft of regulations agents will have to abide by, it will also include a mandatory registration with training requirements and a 'fit and proper' person test.

Daryl Mcintosh, ARLA Propertymark's Strategic Development Manager for Scotland and Northern Ireland said: "The Code reflects much of the existing good practice in the industry and is the most sensible form of agent regulation we have seen announced anywhere in the UK. The Scottish Government has effectively put ARLA's membership criteria onto the statute books.

"ARLA Propertymark can help agents get ready for the changes and we are offering flexible qualification and membership deals to help agents comply and compete in 2018 and beyond."

This update is an extract from the latest issue of our magazine, Deposits in Scotland, the new magazine for everyone in the Scottish private rented sector. You can view or download Deposits in Scotland for free on our website.