PRS issues further guidance on unfair lettings agent fees in UK

 
Published by Property Wire on Friday, 27 February 2015
 
The Property Redress Scheme (PRS) has issued further guidance on unfair fees being charged by letting agents in the UK.

The PRS is one of three consumer redress schemes authorised by the government whose role it is to provide fair and reasonable resolutions to complaints between members of the public and property agents and professionals.

In England and Wales, letting agents are able to charge prospective and existing tenants for services and administration in addition to any rent or deposit paid. Such practices are illegal in Scotland where tenant fees have been outlawed since 1984.

In a report issued by the PRS last month, it was revealed that of the complaints about agent members raised with the scheme, the most common grievance involved unfair or excessive fees being charged to the consumer. This has been reinforced by figures recently issued by Citizens’ Advice, who have hit out at agent’s ‘inexplicable fees’.

In order to aid fee transparency …


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