Become a NALS Firm
If you are a lettings and management agent, operating in the private rented sector:
- Do you want to demonstrate to tenants and landlords that you are committed to the levels of customer service that you offer?
- Do you want your firm to be part of a Client Money Protection Scheme offering reassurance to landlords and tenants that their money is protected?
- Do you want to gain recognition by being registered with a respected, industry-wide licensing scheme for lettings and management agents?
- Do you want to access the benefits specially negotiated by NALS for our licensed firms?
- Do you want to be able to register with SAFEagent, the mark denoting firms are part of a Client Money Protection Scheme?
- Do you want to access online, low cost, quality training for you and your staff as well as NALS own accredited Award?
If you’ve answered yes to any of these questions, then read on, and find out everything you need to know about signing up to NALS.
Benefits of being NALS licensed
There are a huge number of fantastic benefits to becoming a NALS licensed firm. By joining our Scheme you will receive the following benefits:
- Access to a free Legal Helpline operated by Moore Blatch Solicitors specialising in landlord and tenant law
- Free Health & Safety and Employment Law advice with Peninsula, the UK’s Employment Law Specialists T: 0844 892 2772
- Tenant referencing and rent guarantee with enhanced commission rates for NALS firms with Endsleigh
- Discounted entry rate to join Ombudsman Services: Property with substantial saving on annual membership rates
- Preferential subscription rates with Tenancy Deposit Schemes
- Competitive rates for Professional Indemnity Insurance through NALS preferred provider Kerry London T: 0800 634 7384
- Regular Legislative Updates to your inbox
- Access to NALS Professional Development online courses for you and your employees
- NALS Promotional material and logo to promote your NALS licence
- NALS Conferences are held throughout the year providing you with the latest from the Private Rented Sector
- Access to the SAFEagent campaign
- Access to discounts with Local Authority Licensing Schemes
You’ll find, with all these extra benefits, that NALS offers exceptional value for money. Find out more about how to apply here.
How can your firm become NALS Licensed?
There are two routes to the NALS license:
The “affiliated” route
The “affiliated” route is where a firm has a principal, partner or director who is a member of ARLA, NAEA or RICS. If your firm belongs to any of these organisations, you simply need fill in the application form below.
NALS recognises the verification procedures your sponsoring organisation has already carried out, and that you will already be part of one of the existing Client Money Protection Schemes (and so, you do not have to contribute to the NALS Client Money Protection Scheme).
Where your firm has a principal, partner or director who is a member of ARLA, NAEA or RICS
The “non-affiliated” route
The “Non-affiliated” route is where a firm is not already part of any other organisation. The application process is still very straightforward, and we are here to help you at every step too.
If you have any queries please email email@example.com or call 01242 581712
When your firm is not part of any other organisation the application process is straightforward and we are here to assist you.
Costs of being NALS licensed
You might think that such a well respected scheme such as NALS commands large fees to sign up to as a firm. Well, we think you’ll be rather pleasantly surprised. On an annual basis our fees for a single office firm can work out to be less than £1 per day.
A small price to pay for the instant reassurance our logo gives prospective tenants, along with the protection it affords agents and landlords.
One-off administration fee
(payable on submission of an application) £175 + VAT
(single office firm) £145 + VAT
(multi-office firm) each additional office pays £72.50 + VAT
Client Money Protection Contribution – single office firm not holding deposits £235 or single office firm holding deposits £335
(for firms with up to 8 offices contribution rates are £280 and £425 respectively)
Exclusive offer for NALS Firms – Ombudsman Scheme Membership with Ombudsman Services: Property
NALS also requires its firms to be part of an Ombudsman Scheme. Ombudsman Services: Property offers an exclusive reduced rate for NALS firms with two cost options – Annual Fee of £15 per office with payment per complaint should one occur of £125 (first complaint)/£200 (second complaint) or £260 (third complaint). All prices excl VAT. or Annual Fee £120 + VAT per office with no further charges for any complaints.
For further details on Ombudsman Services:
Professional Indemnity Insurance requirements
NALS requires its firms to provide evidence) that they hold Professional Indemnity Insurance that meets certain minimum standards:
- Cover is on a civil liability basis
- The limit of indemnity is on an any one claim basis
- Cover is included for claims arising out of fraud and dishonesty of employees
- Indemnity in respect of claims arising out of all work carried past and present
Preferred supplier Kerry London provides a scheme which meets these requirements. Membership of this scheme removes the requirement for you to declare (provide evidence) annually that you have a policy in force.