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What is likely to happen to the rental market now tenant fees are banned?
1 July 2019

Tenant fees were banned with effect from 1st June 2019 meaning that all letting agents had to review their charges and update their marketing accordingly.

Kellie Marsh, Residential Lettings Manager at Robinson & Hall comments “The ban of tenant fees has caused turmoil for some letting agents. The removal of tenant fees could impact their business quite significantly, particularly for those who charged tenants for extras such as renewals and end of tenancy checks. I therefore believe that some agents now charge landlords the tenant’s fees.

Thankfully this is not the case at Robinson & Hall as we have decided to abolish our tenant administration charges and we have never charged tenants for extras such as renewals or end of tenancy checks. The only additional charge our landlords receive is the tenant reference fee of £32 + VAT (£38.40 inc VAT) which covers the cost of any reference checks for the tenant.

So, what impact will this have on the lettings industry?

It is looking likely that rents will rise across the industry as landlords have to foot the added costs.”

A full list of our residential letting charges can be found here: https://robinsonandhall.co.uk/fees-and-charges

To find out how our residential lettings department can help you or to book a no obligation market appraisal, please call 01234 351000 Option 1 or email lettings@robinsonandhall.co.uk

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