Tuesday 29 November 2016

Letting Agent Fees Ban Is Great News, But Will It Push Up Rents?

The forthcoming ban on letting fees is great news for England’s private renters. Renters have no real power to negotiate over fees and too many currently get stung with massive fees just to sign or renew a contract. This makes the impact of our unstable private rental market even worse. But since the ban was announced there have already been claims that costs will just get shunted back onto tenants through rent increases. This was also a hot topic when the legal clarification explicitly banning fees was going through in Scotland in 2012. Today some have claimed that there was abnormally high rent inflation in Scotland as a result of that change. Read more on the Shelter blog.

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