Tenant Fees Ban – June 2019
Tenant Fees Ban comes into force 1st June 2019… Click more information about the Tenant Fees Bill.
Head of Letting, Donna Cheney shares her thoughts and how GFW Letting are preparing for the ban: “GFW Letting agree with most other agents and also our regulatory body, ARLA Propertymark, that this ban is grossly unfair on honest and reputable agents who charge legitimate fees for work that is conducted on behalf of tenants.
This ban will have a significant impact on the industry, from potential rent increases to tenants, through to small agents who may be unable to continue trading if they have to absorb costs that a tenant currently pays. A cap on fees would have been a far more sensible approach, and it remains to be seen how widespread the impact is. GFW Letting are prepared for the change, and will welcome any new landlord who sees fee increases from their current agent as a result of the new legislation.”