Search Results for: Tenant Fees Act
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Latest property news
Fees ban loophole: letting agents charging ‘pet rent’ to recoup lost revenue
A national newspaper investigation claims to have found widespread evidence that many letting agents are attempting to recoup revenue lost following the tenant fees ban by charging tenants a additional pet rent. The Guardian claims that agents and landlords are charging up to £40 a month to including a single pet within a tenancy agreement. Examples outlined by the investigation include an Oxfordshire landlord who charged a family £40 a month for a dog on top of the £995 a month they charged for ‘human’ residents of the property. The article also claims ‘pet rent’ clauses within rental contracts are becoming common and the article quotes one agent, Elliott Oliver in Cheltenham, saying the company has no alternative but to charge extra for pets following the tenant fees ban. Pet charges Prior to the ban, most agents simply charged tenants with pets a larger rental deposit but the five-week limit brought in by the fees ban means this is no longer possible. Examples of online adverts for properties where tenants must pay an additional rent for pets are not hard to find online. Research by The Negotiator on all three portals found over 160 properties offered in and around London…
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Latest property news
Welsh fees ban differs to England’s legislation in two major ways, guidance shows
Welsh agents are bracing themselves as ban looms on September 1st but won't face a cap on security deposits and that default fees will cover a wider range of charges, unlike in England.
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Average cost of evicting rogue tenants reaches eye-watering £31k
Claim by leading letting agency Benham & Reeves includes lost rent, refit costs and legal fees.
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Housing charity attacks industry over its tenant fees claim
Shelter says ARLA's claim that ban is pushing up rents is 'absurd' and 'scaremongering' but latest RICS data backs Propertymark up.
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Letting agent apologises after mistakenly trying to charge tenant illegal fees
Cautionary tale shows how careful agents must now be when issuing documents to ensure old charges aren't included in tenancy agreements.
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Latest property news
Two tenants successfully refuse to pay contract renewal fee to letting agent
CJ Hole agrees to let them renew their contract without paying a £90 renewal fee even though the company still has the legal right to do so.
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Features
Tenant Fees Ban: two months on
Most agents and landlords planned for this event by tightening up their operation. Some, also, says Frances Burkinshaw, cut some corners to minimise the loss of income.
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Latest property news
55% of letting agents say tenants are facing higher rents since fees ban
Industry association blames the fees ban squarely on a record number of member agents reporting tenants facing higher rents during June.
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Latest property news
Landlord tells of rising rents as his management agency cranks up its fees to survive
Owner of four properties on the Sussex coast tells The Negotiator he is increasing his rents to pay for extra costs and to help 'fantastic' agency survive.
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Latest property news
Surge in tenants searching for properties follows tenants fees ban
Rightmove says many tenants have been waiting for the fees ban to come in before moving home, pent up demand that has now been released into the market.
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