Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Labour-led Council Proposes £1,050 Per Property Licence Fee
A Labour-led council has proposed a property licence fee of £1,050 per property, according to Landlord Today. If formally agreed, this would require landlords to pay £1,050 for each property licence.
This development is relevant for UK letting agents and inventory clerks who may need to advise landlords on compliance and licensing costs. The proposal is not yet final and would only take effect if formally agreed by the council.
Source: Landlord Today