Property News · November 26, 2016

Unfair letting fees ban? Truth is the agents just got too greedy


The Guardian has been calling for an end to the exploitation for more than a decadeThe real shock about this week’s decision to ban letting fees to tenants is that it did not happen earlier. For more than a decade in Money we have highlighted the exploitative activity of some (but by no means all) letting agents. It evidently reached such absurd levels that in the end even a Tory government had to end the farce.We have seen letting agents demand £800 in fees on a £650-a-month one-bed flat. Bills for £360 for running a standardised contract through the photocopier, and £90 for a credit check that costs the agent little more than a fiver. Tenants have had to go through the rigmarole of these sorts of bills every time they are forced to move, which in our case study on page X was every year between 2007 and 2015. Continue reading…

Source : theguardian.com
Read more…Unfair letting fees ban? Truth is the agents just got too greedy

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