Letting Fees Ban: Agents Urge Landlords To Increase Rents

The government has banned agencies from ripping off tenants – but there is evidence that rents are rising to offset the losses. Just two weeks after the ban came into force, a north London lettings agent has started telling its landlords to raise all future rents by £20 a month to offset the new costs they face. And it is unlikely to be alone in proposing such a measure. The move, which was this week branded by one landlord as “not in the spirit of the law”, had been predicted by some commentators, though few thought it would happen this quickly. Read more on the Guardian website.

https://www.theguardian.com/money/2019/jun/15/letting-fees-ban-agents-urge-landlords-to-increase-rents