Letting agents are top target in campaign for reform of a system RICS say fails to protect consumers and is confusing for business.
Tenants face huge variations in charges and upfront payments, says Resolution Foundation.
The British Property Federation has welcomed the news, but is sceptical about why the rules will only apply to the rental sector.
Grant Shapps has pledged £19m to target the 50,000 social homes in England being unlawfully rented out to private tenants.
As younger people become landlords and older people become lodgers, the two groups have more in common than they used to.
More households are taking in lodgers as a way of easing their financial burdens.
The BPF has criticised the lack of government funding for new homes.
Conservative govt 'would be good for property market'
Legislation over HMO 'is landlords worst fears come true'
<a href=http://www.younglondon.co.uk target="_blank">Young's </a> have said these steps can reduce the risk of prospective tenants slipping into rent arrears.
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