The representative body is calling for landlords to submit their views on the consultation paper, which aims to protect vulnerable consumers from rogue landlords, by August 31.
NLA chairman David Salusbury says sale and rent back continues to be a controversial issue.
He says: “The draft Code should be seen as a work-in-progress. We are putting it out for consultation so interested parties can submit their opinions about how the Code could be improved but also to indicate the seriousness with which the UK’s leading landlord association takes its responsibilities for raising standards across the private-rented sector.
“As we have said before, people’s homes are not like other commodities. We must act in order to ensure those consumers facing financial difficulty and imminent repossession are protected from rogue landlords.”