NLA blasts letting agents in London and the south-east

03 2008
The National Landlords Association (NLA) has hit out at letting agents today (June 3rd) after publishing new research into their role within the rental sector.

The results show that 73 per cent of landlords feel that the renewal fee charged by their letting agents is not proportional to the work they undertake.

In addition, the NLA also found that landlords in London and the south-east are being made to pay between five and 15 per cent of their rental income in order to keep the same tenants.

Vice-chairman John Socha said: "Letting agents in London and the south-east must be laughing all the way to the bank.

"It is about time they stopped charging these 'money for nothing' fees if they want landlords to use their services.

"The truth is that landlords get no added value from letting agents on 'let only' deals once the tenants are in place, so why should they have to pick up the tab just to keep the same tenants?"

Mr Socha also commented that he is eagerly anticipating some resolution as the Office of Fair Trading attempts to step in and halt the fees, with a High Court case on the horizon.

The NLA represents 14,000 landlords and conducted a survey of 500 members for these latest findings.
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