The Government has recently announced its intention to outlaw agency fees. I am not sure how this will apply in practice particularly as I do not use an agent to manage my properties.
In recent years, however, I have introduced an arrangement fee of £30.00 for my time and administration in preparing the documentation involved in drawing up the tenancy agreement and insuring the tenant's deposit. Following this announcement I have suspended this fee.
I would appreciate clarification as I would like to reinstate it - though I would not re-introduce it retrospectively for my current tenants.
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