[Misc] Tenant Fees Bill

bha100

Active member

Aug 25, 2011

898

• Feb 11, 2019

• #1

Comes into force on the 1st June

Does anyone in the business think rental prices will increase because of this?

Im glad to see the end of these rip off fees, some agents got greedy, king and chasemore are one of the worst, £300 for drawing up the agreement, yeah right, it's a cut and paste ast with your details entered, they even have the cheek to charge you £50 for setting up the standing order and issuing the deposit certificate, if agents want to blame anyone for the banning of fees you need to look at companies like k&c , good riddance to them

 

brightn'ove

cringe

Apr 12, 2011

9,137

London

• Feb 11, 2019

• #2

Robbing ******** stealing a living. They will just charge the landlords more fees, meaning they have to pass it on to the tenant.

 

Weststander

Well-known member

NSC Patron

Aug 25, 2011

63,881

Withdean area

• Feb 11, 2019

• #3

Shirley just shop around between letting agents? There are so many.

 

bha100

Active member

Aug 25, 2011

898

• Feb 11, 2019

• Thread starter
• #4

brightn'ove said:

Robbing ******** stealing a living. They will just charge the landlords more fees, meaning they have to pass it on to the tenant.

Click to expand...

I expect that to happen, but it will at least make things a bit more transparent

 

beorhthelm

A. Virgo, Football Genius

Jul 21, 2003

35,290

• Feb 11, 2019

• #5

about time. could say legislation went too far but it reflects how agencies took fees too far.

some costs will be passed on through rent, as it should be, the landlords have the power to shop around for agencies with sensible costs and fees.

 

bha100

Active member

Aug 25, 2011

898

• Feb 11, 2019

• Thread starter
• #6

beorhthelm said:

about time. could say legislation went too far but it reflects how agencies took fees too far.

Click to expand...

Exactly, it was easy money for them, got what they deserved in the end, never thought it would be a tory government that done it though

https://www.kingandchasemore.co.uk/media/433747/0907-tenants-guide-countrywide.pdf

 

Uncle Spielberg

Well-known member

NSC Patron

Jul 6, 2003

42,809

Lancing

• Feb 11, 2019

• #7

Rents appear to be falling the last 6 months in the area. Also had a few surveyors down valuing rental incomes this year

 

Eeyore

Colonel Hee-Haw of Queen's Park

NSC Patron

Apr 5, 2014

23,514

• Feb 11, 2019

• #8

Some of the letting agents in Brighton are very ambitious in getting high rents. There are a few ridiculous demands on Right Move. It's always good to see them sitting there a few weeks later too.

 

bha100

Active member

Aug 25, 2011

898

• Feb 11, 2019

• Thread starter
• #9

Uncle Spielberg said:

Rents appear to be falling the last 6 months in the area. Also had a few surveyors down valuing rental incomes this year

Click to expand...

Could that be the buy-to-let tax relief rules starting to bite?

 

Uncle Spielberg

Well-known member

NSC Patron

Jul 6, 2003

42,809

Lancing

• Feb 11, 2019

• #10

bha100 said:

Could that be the buy-to-let tax relief rules starting to bite?

Click to expand...

Quite possibly, also the Brexit factor is spooking lenders and surveyors at the moment