There's been a lot in the press this week about letting
agents clearly displaying their fees within their advertising
material. This has referred to the compulsory charges that
tenants must pay to rent their property. The Advertising
Standards Authority raised this issue following a widely publicised
advert that did not make it clear that the agent would add an
administration fee to the price they'd quoted their
The ASA now insists that advertisers must include all
compulsory fees and charges within the quoted rental price.
The ASA's chief executive was quoted: "Hidden fees are not only
unfair, they hit those who are struggling hardest. Our ruling today
makes clear that [property] agents need to get their houses in
order and treat potential tenants fairly."
We agree completely! Providing a transparent service
has always been one of our award-winning features for block
management. We believe that our clients - whether tenants or
landlords - are entitled to know to the penny how their money is
being spent. We constantly strive to ensure we work with a
trusted and reliable network of contractors, and we carefully
monitor the purse-strings to make sure the service we offer remains
competitive and provides excellent value for money.
If you would like to discuss any aspects of block property
management, particularly in London, the south-east or Manchester,
please call us now on 0845 456 8775.
Posted on Thursday, March 06, 2014.