Updated: Q&A on the Tenant Fee Ban with ARLA CEO David Cox
David Cox provides detailed answers to questions from letting agents from around the country about the Tenant Fee Ban.
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David Cox provides detailed answers to questions from letting agents from around the country about the Tenant Fee Ban.
The ARLA CEO has reiterated the severe penalties that letting agents will face if they are found to have breached the new legislation from 1st June.
This morning we hosted the third in a series of webinars with ARLA CEO David Cox, focusing on the impact of the Tenant Fee Ban.
“You need to be able to adapt very quickly to changing market conditions,” says one lettings director, whose agency is exploring new avenues to help them overcome the Tenant Fee Ban.
The ban on tenant fees, coupled with the popularity of deposit replacement schemes, means it could cost renters much less to move home when the Tenant Fees Act comes into effect, and potentially increase the demand for lettings.
Letting agents need to ensure they have a thorough knowledge of legislation in order to provide landlords and tenants with correct and comprehensive advice.
David Cox emphasised the extent of the penalties for not complying with the new legislation at our webinar on the Tenant Fee Ban.
ARLA CEO David Cox will be answering more questions from letting agents on the June 1st Tenant Fee Ban during his second webinar with Goodlord.
Goodlord analysed 30,000 tenancies to assess whether it is possible for the Tenant Fees Bill to deliver on its objective of helping renters across England and Wales - and found the impact would be minimal.