Post by Admin on Sept 27, 2017 8:22:37 GMT
LTS Week, Day 2 – London Trading Standards cracks down on rogue letting agents (26th September 2017)
"Trading Standards is standing up for London’s tenants and landlords by cracking down on rogue letting agents who flout the law.
As part of London Trading Standards Week (25-29 September) representatives from 15 departments will visit Letting and Property Management agents today in a bid to identify rogue agents and improve the rental experience for consumers.
Letting agents must display their fees, and other relevant information, in their branches and online so that prospective tenants and landlords know exactly what they’re paying from the outset when entering into a rental agreement. While most agents fully comply with legal requirements, those that don’t can face a fine of up to £5,000 per offence.
As well as being against the law, when this information isn’t made available upfront it can often lead to a costly and unwelcome surprise for the consumer, tarnishing the reputation of the rented sector as a whole."
www.londontradingstandards.org.uk/news/lts-week-day-2-london-trading-standards-cracks-rogue-letting-agents/
"Trading Standards is standing up for London’s tenants and landlords by cracking down on rogue letting agents who flout the law.
As part of London Trading Standards Week (25-29 September) representatives from 15 departments will visit Letting and Property Management agents today in a bid to identify rogue agents and improve the rental experience for consumers.
Letting agents must display their fees, and other relevant information, in their branches and online so that prospective tenants and landlords know exactly what they’re paying from the outset when entering into a rental agreement. While most agents fully comply with legal requirements, those that don’t can face a fine of up to £5,000 per offence.
As well as being against the law, when this information isn’t made available upfront it can often lead to a costly and unwelcome surprise for the consumer, tarnishing the reputation of the rented sector as a whole."
www.londontradingstandards.org.uk/news/lts-week-day-2-london-trading-standards-cracks-rogue-letting-agents/