The Tenant Fees Act coming into effect tomorrow and banning fees on tenants in England has been given a ringing endorsement from an unexpected quarter - a lettings agency.
Philip Hay, head of lettings at the family-run Scarborough agency Ellis Hay, says: “The fee ban should level the playing field between private landlords, who usually don’t charge fees, and agents. This means in the coming months, there should be a bigger pool of available properties for tenants to consider.
“With correct and proper advice on this and future changes in legislation from letting agents, landlords should not have anything to fear.
“Unlike some of the national chains and city agencies we have always charged a fair amount for application fees so this does not come as too much of a loss; we will be able to carry on offering the same level of service without passing on excessive costs to the landlord.”
And Samantha Hay, a partner at the company, adds: “In order to simultaneously benefit both tenants and landlords, all parties must comply with the correct procedures and as a result, landlords will continue to see a fair return on their business. Whilst tenants, who may not have previously been able to afford agency fees, have the option to enter into a tenancy.”