Rent4Sure

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    New pre-tenancy feature launch

    Lettings software specialist, Rent4sure, has just launched a brand new pre-tenancy feature, fully integrated with its platform and built by its team of in-house developers.

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    Latest property news

    Lost letting fees can be replaced by other income streams, claims referencing firm

    Referencing firm Rent4Sure says agents are going to face a “challenging time” when the letting fees ban is introduced, but that there will be ways to replace the lost income. The government’s most recent English Housing Survey revealed that tenants on average pay £223 or more in fees to agents. Some 65% of private renters said they paid an admin fee, 33% a finders’ fee, 7% a non-returnable holding fee, 5% a returnable holding fee while 4% paid ‘other’ fees. “One of the key ways to replace lost fees income is for agents to increase their insurance product uptake, and we’re ready to help them do that,” says Luke Burton, Sales and Marketing Director at Rent4sure. “We want to work actively with our letting agent and landlord clients to deliver additional income streams that benefit tenants and landlords.” The government consultation on a total fees ban ended on June 2nd but the Residential Landlords’ Association recently predicted that, because it will require primary legislation, it is unlikely a ban will be introduced before Autumn 2018. Rent4Sure says it can offer agents both the opportunity to develop alternative income streams and also help them get to speed on tasks that before might…

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  • Latest property newsright to rent
    Latest property news

    NLA questions Right to Rent scheme

    The Right To Rent immigration control scheme introduced by the government in England last February is not having the “desired effect”, the National Landlords Association says. The comments come from its head of policy Chris Norris in reaction to figures released today showing that one landlord is being fined every four days under the Right to Rent rules. Sixty-two landlords received penalties under the scheme during its first eight months of operation from February to September last year, the figures show. Fines totalling £37,000 were handed out, or £596 on average per landlord, although fines in theory can reach £3,000 for the most serious cases. Out of the 62 cases 36 were for lodgers in private houses and 26 were handed to landlords of private rented accommodation. The figures were obtained by the Press Association through a Freedom of Information request. Chris Norris, head of policy at the National Landlords Association (pictured, left), says he believes that most of the landlords involved are accidentally breaking the immigration rules rather than knowingly doing it. He also said that “ultimately this scheme should be judged on whether it tackles or prevents those who knowingly ignore the law and let to people who…

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