Rentify Survey: Do you think the obligation on letting agents to publish their fees will significantly improve the private rented sector?

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Last week the government announced plans to ensure letting agent fees are published in full. The idea is that this will force agents to justify their charges. We are sceptical of these plans as we believe bad agents will find a way to spread charges around to make them appear justifiable, when in fact they remain excessive. A majority of Rentify landlords, however, do think the proposals will have a significant, positive impact and we hope this is the case. Having one clear figure for a total fee should make it easier to shop around and so may drive down charges by making competition clearer and more direct. The full details, let alone the outcome, are yet to be revealed so watch this space!

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