‘Tenant fees ban will drive more landlords to self manage’

first_imgThe tenant fees ban proposed by the government during Philip Hammond’s Autumn Statement recently will persuade more landlords to self-manage their properties, which in turn will place tenants in the hands of a largely unregulated part of the industry.This was one of the main conclusions of this week’s meeting of minds at the latest NALS Fair Fees forum, which met in central London last Friday at an undisclosed venue, and whose work NALS says it is ‘pretty pleased with’.It is preparing a comprehensive response to the looming government consultation on fees and the forum discussed a specially-commissioned report into the work of agents in securing tenants for a property, how the fees ban is working in Scotland for tenants, agents and landlords and how the ban might affect how the redress schemes operate.The forum was also reminded by representative from the Department of Communities and Local Government that the ban was unlikely to be kicked into the long grass and remained the ‘political will’ of ministers. Primary legislation is expected this Autumn with a fees ban to come in during early 2018.But industry representatives highlighted how a ban would lead to a poorer service to tenants and increased rents as landlords sought to recoup the costs of referencing and tenancy administration.Also, everyone at the meeting agreed that a report into the lettings market and the fees it charged by agents within it should be undertaken before the government makes a decision on the shape of the ban.The agents and organisations attending the forum included Belvoir, Chestertons, the Connells Group, Countrywide, Hamptons, Hunters, LSL, Northwood, Savills, Spicerhaart, Touchstone and Winkworth while industry membership organisations there include RICS and the three redress schemes.NALS fair fees fees forum January 18, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » ‘Tenant fees ban will drive more landlords to self manage’ previous nextRegulation & Law‘Tenant fees ban will drive more landlords to self manage’…suggests NALS Fair Fees Forum gathering during meet last Friday.Nigel Lewis18th January 20170972 Viewslast_img read more