holding deposit

holding deposit

Lettings Fee Ban Consultation – Agent deadline approaching

19 May, 20171 Comments
The consultation paper for the Tenancy Fee ban across England was released last month, inviting agents to respond on whether the penalty should be £5,000, £30,000 or a banning order by June 2nd 2017. It was announced in the last Autumn Statement that a ban on letting agents charging fees to tenants would be introduced
Read more

Agent expelled from the PRS

10 August, 20150 Comments
Jordan Residential, an agent based in South Croydon has been expelled from membership with the Property Redress Scheme following non-compliance with a Head of Redress decision by failing to make an award of £612.80 to a complainant. A complaint was received from a tenant regarding a holding deposit. The tenant had a viewing at a
Read more

Letting Agents keeping tenants deposits are not agents THEY’RE THIEVES

27 February, 20140 Comments
A Newsbeat investigation has found that a minority of letting agents are fraudulently taking thousands of pounds from tenants as holding deposits, not letting them move in and then keeping that money. From January 2011 to September 2013 Trading Standards authorities in England reported 487 such cases and a Freedom of Information request found that
Read more