Date Published 28 February 2025
The National Residential Landlords Association (NRLA) is prompting landlords who electronically handle personal information to pay their annual fee to the Information Commissioner's Office (ICO). The ICO serve as the regulator for data protection and landlords are expected to pay a set fee if they store any personal information regarding applicants on a computer or phone; this also includes the use of CCTV. Failure to comply with these costs could see landlords fined up to £4,000.
Furthermore, to make matters worse, ICO fees have risen by approximately 30% and for organisations with 10 or fewer employees (defined as micro-organisations), the charge has increased from £40 to £52 per annum and for small to medium sized organisations, from £60 to £78 per annum. The NRLA conveys they believe most landlords are obligated to register with the ICO.
At Adams Estates, one of the key benefits of our seamless fully managed service means that our landlords will not need to face any worries about registering and paying any fees to the ICO.
As a registered company with the ICO, we ensure this avenue is covered allowing secure control of any personal data stored electronically. If your property is not managed by us, you will need to act and ensure you have complied with the regulations set out by the ICO.
If you would like to enquire further regarding our hands off fully managed services offered to landlords, especially considering the upcoming minefield of new regulations that all landlords will be legally required to comply with, please feel free to contact us.
