How much will agents lose when letting agent fees ban kicks in?

first_imgIt’s a figure much discussed within the consultation document published on Friday setting out the Department of Communities and Local Government (DCLG’s) plans to introduced a letting agent fees ban.If the DCLG’s plans are implemented as they stand following the consultation period, then neither landlords nor agents will be able to charge tenants any “fees, premium or charges to facilitate the granting, renewal or continuance of a tenancy”.“The Government also proposes to ban any letting fees charged to tenants by landlords and any other third parties to ensure that letting agent fees are not paid by tenants through other routes. Tenants should only be required to pay their rent and a refundable deposit,” the consultation says.Average feeWithin the document’s detail, the DCLG says the average fee taken by agents is between £200-300, based on the 2014-15 English Housing Survey, while the National Approved Letting Scheme (NALS) is reported to have indicated an average fee of £172 with a range of between £30 and £500.Campaigning group Generation Rent told DCLG that the average for a couple renting a home is £400 within range of between £40 and £780, while homelessness charity Shelter believes one in seven renters pay £500 or more in fees.But the DCLG conducted its own research into a letting agent fees ban among 50 randomly-chosen agents of different sizes including franchisees, independents and corporates across the country, based on information published on their website.“This exercise reinforced how difficult it is for tenants to both find and compare agent fees since it was not always simple to either find the fees on the agent’s website or to understand exactly what was included in them,” the consultation document says.Following its research, the DCLG discovered that the median set-up fee charged was £180 while reference checks were £75; tenancy agreement fees £185; guarantor checks £62.50; tenancy renewal fees £75; and tenancy amendment fees £100.The highest of these fees included a set-up fee of £420, reference checks costing £240, tenancy agreements at £300, guarantor checks at £378, a tenancy renewal fee of £150 and tenancy amendment cost of £432.“The findings above demonstrate that the fees charged to tenants vary considerably amongst agents, even though the services provided are broadly similar, and that in some instances the fees charged can be significant,” the consultation document says.letting agent fees ban DCLG Department of communities and local government April 10, 2017Nigel LewisOne commentSheila Manchester, The Negotiator The Negotiator 10th April 2017 at 9:08 amThe folk at DCLG must have very dark glasses on if they can’t see that ‘lost’ fees will inevitably be recouped in higher rents. Any agents have any other ideas of how to replace lost income… and stay in business?Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » How much will agents lose when letting agent fees ban kicks in? previous nextRegulation & LawHow much will agents lose when letting agent fees ban kicks in?Government reveals its own research into likely impact for letting agents in lost revenue.Nigel Lewis10th April 20171 Comment3,050 Viewslast_img read more

West Java extends PSBB to June 26 amid second wave concerns

first_imgAccording to the administration, the average number of daily cases in West Java had reached 42 in May, then to 25 people a day in June.“Cases are mostly found in urban areas such as in Bodebek and Greater Bandung. Mayors and regents in those areas should be more vigilant due to their high population density,” Ridwan said.The governor also urged citizens to keep following health protocols, such as wearing masks, maintaining physical distances and washing their hands regularly.“The second [COVID-19] wave in India and Pakistan were caused by a lack of discipline among the public in adhering to health protocols.”Ridwan went on to say that the administration had yet to decide on reopen schools and entertainment venues, fearing they would become new COVID-19 clusters during the second wave of the pandemic, as what happened in South Korea.Topics : Yellow zones are allowed to increase economic activity to around 60 percent of normal levels while implementing strict health protocols. Meanwhile, blue zones are allowed to reopen all public and commercial facilities but must ensure that there are no crowds.”Traditional markets are among the places that have a high virus transmission risk. We’ve prepared 672 rapid and swab test kits for 700 markets,” Ridwan said in a statement on Friday.Read also: COVID-19: Jokowi warns of second wave, but first one may not be overHe added that police and military personnel would help promote testing to prevent objections from the people. The West Java administration has extended large-scale social restrictions (PSBB) across the province to June 26 following a spike in COVID-19 cases within a week, during which its daily reproduction number (Rt) increased from 0.68 and 0.72 to 0.82.The extension will be effective across the province, except for the Jakarta satellite cities of Bogor, Depok and Bekasi (Bodebek), where the policy will remain effective until July 2.Governor Ridwan Kamil said the administration decided not to loosen supervision on the virus’ spread due to the latest data, even though the province had declared 10 areas as yellow zones and 17 others as blue zones.last_img read more

Campbell Newman’s former right-hand man lists riverside pad

first_imgJon Grayson and Linda Nash outside their Yeronga home, which they are selling.ONE of Queensland’s most powerful former public servants is selling his sprawling family home on the Brisbane River.Jon Grayson was Campbell Newman’s right-hand man as director-general of the Department of Premier and Cabinet under the state LNP government from 2012 to 2015. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This house at 39 Ormadale St, Yeronga, is for sale. Picture: Linda Nash and Jon Grayson. Picture: Isaac Lawrence.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoThe impressive house sits on a 532 sqm block in a quiet, leafy street.Features include an inground swimming pool, alarm system, two outdoor terraces and a lockup garage. There is also a downstairs retreat with kitchenette and access to one of the outdoor terraces. Former director-general Jon Grayson and former Queensland premier Campbell Newman. Picture: Jono Searle.Mr Grayson and his partner, Linda Nash, a former Brisbane Lions board member, have put the four-bedroom, three-bathroom home in Ormadale Rd, Yeronga, on the market via an ‘offers to purchase’ campaign closing May 28.It’s understood Mr Grayson is selling to relocate for a new job. HIGH FLYERS SELLING ASCOT MANSION POPULATION GROWTH LEADS TO BUILDING BOOM INTERSTATERS DROP $4M PLUS ON PENTHOUSE This house at 39 Ormadale St, Yeronga, is for sale. Picture: show Mr Grayson bought the property in April 2004 for $1.575 million.The property is being marketed by Brett Greensill and Jermaine Jones of LJ Hooker — New Farm and will be open for inspection for the first time on Saturday, May 5.Yeronga is a high demand market 5km from Brisbane’s CBD and has a median house price of $875,000. This house at 39 Ormadale St, Yeronga, is for sale. Picture: This house at 39 Ormadale St, Yeronga, is for sale. Picture: Grayson and Ms Nash also owns a three-bedroom unit with ocean views in exclusive Sunshine Beach, which they bought for $1.7 million in 2007.The house across the road in Aranui Street, Yeronga, is also for sale.Records show neurosurgeon Michael Weidmann paid just $90,000 for the seven-bedroom, riverfront property 35 years ago.last_img read more