Friday, 19 May 2017

How Should A Ban On Letting Fees Work?

The CLG is consulting on how their proposed ban on letting agent fees should be implemented and enforced. Under the proposal, letting agents will no longer be able to charge fees to tenants for a variety of their services, including seeking references, inventory services and contract negotiations. The consultation document suggests that banning letting fees being charged to tenants will incentivise letting agents to compete for landlords’ business. This will lead to lower up-front costs paid by tenants, and greater clarity on the total costs of renting a new home. Read more on the Homeless Link website.

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