Lib Dem peer seeks to abolish agent fees

house of parliament
Estate agents hope the election will bring some economic and political stability to the country

A new Private Member’s Bill has been introduced in Parliament by Lib Dem peer, Baroness Grender, which seeks to abolish letting agents’ fees charged to tenants. An unopposed second reading of the Renters Rights Bill took place in the House of Lords last Friday. The bill aims to stop letting agents from charging tenants and prospective tenants registration fees, inventory check fees, reference check fees and exit fees. While the Bill is backed by Labour it would normally be viewed as unlikely to become law without government backing. However, a petition to housing minister Brandon Lewis to ban letting agent fees has now gained over 250,000 signatures.

 

Full story available from Property Industry Eye: http://www.propertyindustryeye.com/new-bill-launches-in-parliament-seeks-to-abolish-letting-agent-fees/

 

RentPro cloud based rental property management software for letting agents and landlords.

You may also like...