LATEST NEWS: 08 January 2018 will see Parliament commence it's oral evidence session in relation to the Draft Tenants' Fees Bill #TenantFeeBan#FeeBanHelp
The English Housing Survey (2014-15) highlighted that fees would both impact peoples decision to move (35%) and even their ability to move (34%). #TenantFeeBan#FeeBanHelp
Whilst the ban will mean that Landlords and Letting Agents cannot charge fees to undertake Tenant Referencing Checks, the legal requirement for them to be undertaken remains. #TenantFeeBan#FeeBanHelp
Given the fact the ban is coming, it would be prudent to start planning for life post ban sooner rather than later. After all, the value of being a first mover in any situation is well documented. #TenantFeeBan#FeeBanHelp
"Lettings agents in England will be banned from charging fees to tenants as soon as possible." - The Rt Hon Philip Hammond, Chancellor of the Exchequer. #TenantFeeBan#FeeBanHelp
The fines for breaching the ban are increasing. Starting at £5000 and rising
to £30,000, data sharing and enforcement intelligence will be greater – businesses and individuals breaking the rules will be caught faster and punished more severely. #TenantFeeBan#FeeBanHelp
As yet no date for the ban to come into force has been finalised. It will take time for the agreed rules to progress through parliament and be passed into law. It's possible that the ban would come into effect by early 2018. #TenantFeeBan#FeeBanHelp
‘Only strong letting agents will survive fees ban’
One of West Yorkshire's most successful franchised letting agents is hoovering up rivals in preparation for the ban. #TenantFeeBan#FeeBanHelpline https://t.co/CzkAANVvSd
"Our research shows that the average fee charged by an ARLA Propertymark Protected agent is £202 per tenant." - ARLA Propertymark. #TenantFeeBan#FeeBanHelp
ARLA Propertymark believe that any ban will have an adverse affect on the industry with 16,000 jobs at risk should Letting Agents take 100% of the hit. #TenantFessBill#TenantFeeBan
“a letting agent must not require a tenant to secure and pay for services from any third party, for example a reference or inventory service, as a condition of arranging the grant, renewal or continuance of a tenancy.” - Draft #TenantFeesBill#TenantFeeBan
LATEST NEWS: The deadline for written submissions of evidence is now closed. The Committee will now scrutinise the policy objectives, key provisions and likely impact of the draft Bill.