Letting fees ban: agents urge landlords to increase rents

The government has banned agencies from ripping off tenants – but there is evidence that rents are rising to offset the losses

There were warnings that this month’s ban on rip-off tenant fees would result in rents being pushed up – and now Guardian Money can reveal this is already starting to happen.

Just two weeks after the ban came into force, a north London lettings agent has started telling its landlords to raise all future rents by £20 a month to offset the new costs they face. And it is unlikely to be alone in proposing such a measure.

Continue reading…
Source: the guardian – property
Letting fees ban: agents urge landlords to increase rents