As from 1st November 2013 letting agents have been required by law to disclose all their non optional fees in connection with renting a property. This means that from the moment a prospective tenant views a property online or in the newspaper they will be able to see exactly what that agent will charge them.
The new guidelines, from the Committee of Advertising Practice, ask that non-optional fees are prominently included in all marketing of properties to rent.
All too often in the past are stories where people have applied to rent a property only to find unexpected admin fees have been added to the monthly rent and security deposit.
It doesn’t matter if you view a property on the internet or in the local paper a prospective tenant should now be able to see exactly what the associated costs of renting the property will be.
At Mackenzie Smith we understand that tenants and landlords deserve transparency and that the cost of renting a property should be made apparent at the very earliest opportunity meaning no misunderstandings and no nasty surprises for prospective tenants.
As members of ARLA (Association of Residential Letting Agents) Mackenzie Smith comply with all the current regulations and see this new requirement as good news for tenants.
Michael Clarke, MARLA, Lettings Director
01252 514000 email@example.com