Extra costs incurred hits tenants hard
A report by Citizens Advice says that extra costs, including administration fees and reference checks, could add up to £600 to the cost of renting a home. This figure comes from the finding that where gained as part of a survey after tenants where going to the charity’s website for help. Last week the government announced it wanted a national register of private landlords in England and to create an independent regulator for letting agents, which leads you to believe are these new cost a knock-on affect from that?
Citizens Advice said that many of these costs were imposed for tasks that were part of the 'routine business' of letting and managing a property. David Harker, chief executive of Citizens Advice said, 'The charges can be a huge barrier for people on low and even average incomes, in some cases letting agents appear to make them up as they go along.'
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May 21st 2009