Letting agents in Wales must publicise fees

November 24, 2015

As from yesterday the 23rd November 2015,letting agents in Wales will have a new legal obligation under the Consumer Rights Act2015 to publicise their fees.

Agents must now display a list of the fees (a) At each of the agent’s premises at which the agentdeals face – to – face with persons using or proposing to use services to which the fees relate, and (b) At a place in each of those premises at which the list is likely to be seen by such persons.

Section 83 (3) requires that the agent must publish a list of the fees on the agent’s website (if it has a website)

Letting agents will need to comply with the new statutory obligations, any breach of this new duty could result in a financial penalty of up to £5,000 being imposed on a letting agents by the local weights and measures authority.

The relevant part of the Act can be accessed here: http://www.legislation.gov.uk/ukpga/2015/15/part/3/chapter/3/enacted

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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