PART 4Letting agents

Code of practice

46Letting Agent Code of Practice

(1)The Scottish Ministers may, by regulations, set out a code of practice which makes provision about—

(a)the standards of practice of persons who carry out letting agency work,

(b)the handling of tenants’ and landlords’ money by those persons, and

(c)the professional indemnity arrangements to be kept in place by those persons.

(2)The code of practice is to be known as the Letting Agent Code of Practice.

(3)Before making regulations under subsection (1), the Scottish Ministers must consult such persons as they consider appropriate on a draft of the code of practice.