Quote:
Originally Posted by Ramrod
Tricky one......it is silly to put the onus for paying agents fees onto the landlords as that will probably put up rents (though it's claimed that it hasn't in Scotland). On the other hand, some lettings agents are charging stupid money from renters and that needs to change as well.
Then again, it's difficult to cap agents fees whilst by putting the onus for paying onto landlords it might just drive down fees since landlords are probably in a better position to drive a hard bargain on the fees than renters are.
It might be a good idea after all (though as a landlord it's not great-but I have other methods anyway)
On balance, I'd say that what he's done is a good thing  |
It used to be called 'Key Money' and was made illegal in 1977.
It then came back as Letting Agents fees and is being abolished again and quite rightly too.
It's a form of scam to make even more out of desperate people, or if it is covering the agents fees, this is something the landlord should pay.
It would be like a supermarket during a food shortage charging a fee to get in to cover their running costs and advertising.