Potential points to note within the consultation include that;
the value and services that agents provide to tenants and landlords alike in ensuring services are provided to the mutual benefit of both parties. Letting agents have played an important role in ensuring that properties and landlords are compliant with legislation, including recent changes to deposit regulation and the Deregulation Act 2015;
agents are significant employers themselves and contribute to the economy significantly. It isn’t unreasonable that they must be paid for the services they provide;
a ban on agent fees may lead to rent inflation. Agents will be forced to seek to recover lost fee income via other means, most likely from landlords. Many landlords, already facing the considerable impact of section 24, will have no alternative in many instances than to pass on additional costs to tenants via rent increases.
Agents and landlords with property interests in Wales should participate in the consultation.
If you have any questions, please don’t hesitate to
Laura Albon has been working in litigation for nearly 10 years. She works almost exclusively with property investors and agents across the whole country. She trained with the partners of Helix Law and has extensive experience in possession, service charge recovery, breach of covenant and commercial contract claims. She is able to pursue matters through the court and through The First Tier Tribunal (formerly the Leasehold Valuation Tribunal or LVT).
This article is written to raise awareness of the issues it discusses and it may not be updated after it is first written, even if the law changes. It is not intended to be legal advice and cannot be relied on as such. Helix Law is not responsible or liable for any action taken or not taken as a result of this article. If you think the matters set out affect you and you wish to apply them to your particular circumstances then we are happy to give you free initial telephone advice