Tenancy Deposit Scheme to Hike Up Agency Rates

The Tenancy Deposit Scheme is all set to increase its fees to letting agents. It is set to increase the minimum fee to £750 for 2010/11, which is an increase of 29% from the previous rate of £583.

The Tenancy Deposit Scheme are arguing the the new fee structure "is fairer to charge by tenancy and not office in view of the disproportionate number of disputes being referred by some agents while others are not referring any at all."

However, The Negotiator magazine reports that a large number of lettings agents are struggling to see anything fair about the proposed new charging structure.

Read more on the new rates structure in this Negotiator Article

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