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The Sell My House Quickly found another interesting article about Oxford. Oxford City Council to clamp down on rogue landlords through selective licensing.
A COUNCIL report states the local authority is set to profit less than £20,000. It is over a five-year period by clamping down on rogue landlords.
Last month, Oxford City Council’s ‘selective licensing’ scheme was given the green light by the Government. It means that all private rented homes in the city will need a licence from September.
Just under half (49.3 per cent) of all Oxford’s homes are privately rented.
Licensing will require landlords to show they are meeting safety and management standards, and are a ‘fit and proper person’.
A fee structure for licence applications was approved by the council, with a five-year licence set to cost £480.
There is an ‘early bird discounted rate’ of £400 for landlords who apply within the first three months.
There will be a discounted fee of £280 for accredited landlords.
A council report states the total income predicted over the five years of the scheme is £5,065,342, while total costs are predicted at £5,048,379.
That leaves the local authority in profit of £16,963.
According to the report, the main cost for the council is an estimated £2,160,804, which will be spent on processing applications during the first year.
The report states that following a consultation, 35 per cent of landlords and 31 per cent of agents agreed with the principle of introducing a selective licensing scheme.
Fifty-five per cent of landlords and 62 per cent of agents disagreed, however.
The report adds: “A number of alternatives have been suggested in the feedback received.
“These have mainly been voluntary schemes, such as landlord accreditation, property MOTs, exempting properties managed by agents, and landlord registration.
We found this new article about Oxford City Council to clamp down on rogue landlords through selective licensing on Oxford Mail. Kindly click the link to read the full story.
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