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Government Want Transparency Over Letting Agent Fees

Government Want Transparency Over Letting Agent Fees

Government Plan For Transparency Of Letting Agent Fees
Welcomed By Landlords

The Government announced last week that they intend to improve the transparency of fees charged by letting and property management agents as called for by the Residential Landlords Association (RLA).

The move comes after the Labour party’s general election posturing early last week by attempting to seek an amendment to the Consumer Rights Bill, ending charges paid by tenants to letting and property management agents,

Whilst the Advertising Standards Authority (ASA) currently only requires letting and property management agents to list compulsory charges to the tenant upfront in advertisements, proposals announced on Tuesday 13th May 2014 will require letting agents to publish full details of all fees charged, on websites and prominently displayed in their offices.

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