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ken hume

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Some 20 years back, we did not charge tenants at all. Many agents pushed a large percentage of their fees back onto tenants instead of Landlords. This meant that they could charge lower fees to Landlords. We had no choice but to follow suit or lose market share. Some of them went on to charge tenants unreasonable amounts and then give the Landlords what appeared to be a great fees deal, whilst charging tenants who could ill afford the extra money. My fear is that some Landlords may look to cut extra costs by compromising on safety checks. Doubtless this is a headline grabber for the government looking to scapegoat 'greedy' Landlord and Agents but costs have to be met and will end up passed onto rents. However, in a sense they were already met by renters paying the charge. My solace today will be to watch the corporate agents share prices fall today as their lack of experience leads them to run around like headless chickens.

From: ken hume 23 November 2016 09:15 AM

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