15 Jun

Letting fees ban: agents urge landlords to increase rents

The government has banned agencies from ripping off tenants – but there is evidence that rents are rising to offset the lossesThere were warnings that this month’s ban on rip-off tenant fees would result in rents being pushed up – and now Guardian Money can reveal this is already starting to happen.Just two weeks after the ban came into force, a north London lettings agent has started telling its landlords to raise all future rents by £20 a month to offset the new costs they face. And it is unlikely to be alone in proposing such a measure. Continue reading…

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