Labour’s proposed ban on agent fees defeated…. for the time being
The ban on fees charged to tenants by letting agents, proposed by Labour, was yesterday defeated in the House of Commons. It is however, likely to resurface should Labour win next year’s general election.
The Government has announced that it will be bringing forward its own amendment to the Consumer Rights Bill. The current ruling by the Advertisement Standards Authority, which requires agents to show upfront fees along with rent when advertising properties, lacks any real teeth. The Government proposals however, which will compel agents to prominently show a full tariff of fees, both on their website and in their offices, will include fines for agents who fail to comply.
Full story can be found on the Property Industry Eye website: http://www.