Commenting on the Tenant Fee Act which is now in force in England, Isobel Thomson, Chief Executive of safeagent said:
“There’s no going back now, but will the ban on tenant fees have the desired effect Government has been hoping for, with more money in tenants’ pockets, or will it be a case of them having to pay even more when rents are increased to make up for higher costs for landlords?
“Much has been made of the terminology “unintended consequences” surrounding the ban, but I believe that there is an inevitability about the consequences and it will not play out well for anyone in the rental process. safeagent wants a better, safer, Private Rented Sector (PRS) for all, but we don’t believe the fee ban is the way to achieve it.”