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.
Poll: Letting Agents Increasing Fees After Renters Rights Act
A new poll reported by Letting Agent Today claims that almost a quarter of letting agents have raised their charges to landlords since the Renters Rights Act came into effect in May. The survey, conducted by Goodlord, suggests 23% of landlords have experienced increased lettings agency fees.
Additionally, the poll indicates that 50% of landlords have already noticed an increase in compliance work since the Act's introduction. These findings highlight early impacts of the legislation on agency fees and landlord compliance requirements.
Letting agents and inventory clerks may wish to monitor these trends as the sector adapts to the new regulations.
Source: Letting Agent Today