New tenants fee bill passed

Deposit restricted to five weeks rent max, and all upfront fees will be abolished. Going to decimate most agents business model I suspect.

They'll all be upping their bloody commission to cover this tho, fookers.  Sorry I mean 'management fee'.  Given that their management is basically finding some poor scrub to move in and then letting the standing order go to them so they can remove 13% before passing across my heart bloody bleeds.

 

Tec, yes they will up their management fee, the problem with that is they will all start undercutting each other , and it will be a race to the bottom, and many will/ must wither and die.