The Association of Residential Letting Agents says the number of tenants successfully negotiating rent reductions has hit an all time low – another likely manifestation of landlords’ resolve after the fees ban. The latest ARLA market snapshot shows the number of tenants negotiating a rent reduction fell to 1.1 per cent last month from 1.6 per cent in November; the …
Industry association ARLA blames the fees ban squarely on a record number of member agents reporting tenants facing higher rents during June. The UK’s leading lettings industry association has claimed that rents are beginning to rise significantly as the predicted outcome of the tenant fees ban begins to roll-out across the housing market. Agents who have reported rising rents increased …