Letting Agents must Value their Worth
In an increasingly regulated and demanding private rented sector, letting agents are under pressure to deliver more, often for less.
Legislative reform, a higher level of enforcement, rising operational costs and growing client expectations have reshaped the role of the modern letting agent. Against this backdrop, it is both timely and necessary for agents to reassess how their services are valued and how their fee structures reflect the true scope of their professional responsibilities.
Wales follows England as the Tenant Fee Ban comes into Force 1st September 2019
As England has been getting used to the Tenant Fee Ban over the last few months, In Wales the fee ban comes into force on 1 September, with some key differences. Unlike England, there is no cap on the security deposit, one very major difference given the amount of work English agents are having to do in relation to security deposits.
Tenant Fee Ban to become Law 1st June 2019
The last reading in the House of Lords made a few amendments to the Tenant Fee Ban Bill, but the most important announcement was that the Ban is set to become Law on the 1st June 2019.