Following the implementation of the Tenant Fee Ban commencing on 1stJune 2019 there will be a vast number of landlords concerned about their new tenants receiving the correct credit checks, referencing and right to rent checks.
They will also be wondering who is going to cover the cost of these checks now that the tenant will not be paying for them. Will letting agents but putting the prices up on their services to cover this?
Lee Gallagher from Regan and Hallworth explained, “I’m sure there will be a number of agents who will do one of two things; firstly, not follow the correct checks on a potential tenant due to the cost element to them, thus meaning potential issues down the line. Or secondly, passing a vastly inflated charge onto the landlords. At Regan and Hallworth we have always prided ourselves on finding excellent tenants for the range of first-class properties we have to offer. This will continue.
We will NOT be increasing our fees to our loyal landlords and YES we will continue to offer a full range of tenant credit checking and referencing to ensure the high-quality tenants come through.”
Regan and Hallworth have also added a NEW SERVICEto their lettings package. We now offer a Rent Collection Servicefor the landlords who like to manage the property themselves but want the security of the rents being collected professionally.
Call and speak to Lee or Emma today to discuss this further.