"As the regulatory landscape continues to change, it's essential that we stay ahead of the curve and continue to protect our Landlord’s assets."
Kamma have announced a new partnership with London estate agents, Foxtons amid repidly changing legislation and ahead of a predicted doubling of council enforcement this year.
Earlier this year Kamma reported that licensing changes on average every eight days across the UK. In fact, almost 20% of all local authorities in England have at least some form of discretionary licensing scheme in place, including addition and selective. Kamma’s data shows that 21, or over 65% of all London councils have one or more discretionary licensing schemes in place. Yet it’s not always straightforward what properties are hit by certain schemes.
Complying with licensing regulations is an ongoing burden that agents must deal with to avoid fines. The fines for rogue landlords and agents have now hit £8.7 million with average agent fines of £4,691 just in London, but thanks to the new partnership with Kamma, Foxtons will be much more protected from the recent fines seen in the capital. This partnership marks a great step forward in Kamma’s ambition to solve property licensing for all letting agents, removing complexity, and freeing up time to focus on core business and revenue drivers.
This innovative partnership has come about to remove complexity from letting agents’ professionals’ daily lives and to provide their business with new ways to stand out from the competition. The partnership between Kamma and Foxtons will allow Foxtons to continue to build out its internal compliance system with the support of Kamma’s data and expertise.
Kamma’s CEO, Orla Shields (pictured), says: “We are excited to announce this fantastic partnership with Foxtons which will enable their users to stay compliant with changing licensing regulations and protect themselves against the risk of fines. We are happy to work with such talented and leading agents like Foxtons, and find new ways to support letting agents with their compliance’.
Fran Giltinan, Managing Director - Property Management & Customer Experience, Foxtons, addss: “We are thrilled to partner with Kamma and have access to their compliance management and analysis services. As the regulatory landscape continues to change, it's essential that we stay ahead of the curve and continue to protect our Landlord’s assets. This partnership will give our agents the support they need to continue providing exceptional service to our clients while remaining compliant with the latest regulations."
