The call is being made by Finders Keepers, which is based in Oxford, who say that poor property standards as well as poor servicing from landlords and letting agents needs to be tackled at the highest level.
They add that the issue of high rents should also be addressed by the new Conservative government.
The firm's managing director, Dan Channer, told an online property news site: “This is an incredible opportunity to do the right thing and regulation is long overdue.
“The only solution to rising rents is supply and, hopefully, the Tories will seize this opportunity.”
More new homes are needed
He added that the best way to deal with the lack of new homes is to change the planning process and encourage investors to help house a growing population - and to keep a lid on rising rents.
The firm, which employs more than 100 people and manages more than 2,400 properties through a chain of eight offices, is also calling for landlord incentives for more property investment.
Mr Channer added: “A simplified Green Deal and tax breaks on improvements would be welcome.”
He pointed out that an ‘easier to understand’ risk assessment system used by councils for ensuring properties are habitable would also encourage landlords to invest more.
However, he said that the regulation of letting agents in the UK was of greater importance.
Mr Channer explained: “As an industry we have called for our own regulation to help root out rogue landlords and agents but governments have repeatedly missed the opportunity to do so.”
The agency has previously made a submission with a similar call to the Commons Select Committee which investigated the UK's private rental sector.
Landlords should implement new fire regulations
Meanwhile, a move to make the installation of smoke alarms in private rental properties look set to become law in October this year.
In addition, landlords will also need to install carbon monoxide alarms in high risk rooms.
The new law will force landlords to install smoke alarms on every floor of a property they rent out and have them tested before a tenancy begins.
Failure to meet the new regulations could see a landlord being fined up to £5,000.
Now the managing director of LetRisks, Michael Portman says: “It is essential that agents and landlords prepare their rental properties before October and ensure they are compliant with the new law.”
He added that the government has calculated that more than 200 lives will be saved in the next 10 years by the measure and more than £3 million has been set aside to help pay for the installation of smoke alarms.
