Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Agent Fined for Breaching Renters' Rights Act
A letting agent has been fined for breaching the Renters' Rights Act, according to a report by Letting Agent Today. The report states the fine was slightly reduced in return for rapid payment.
What this means for agents
The report gives few details, but it shows enforcement action under the Renters' Rights Act is now producing fines for agents. Agents and inventory clerks should note that paying a penalty early may, in some cases, reduce the amount owed.
Because the source offers little detail, anyone wanting the specifics of the case — the agent involved, the nature of the breach and the size of the fine — should read the original article.
Source: Letting Agent Today