An article by Letting Agent Today highlights the increase in rents since the Tenant Fee Ban has been in place. The Act came into force on 1st June 2019 and meant that all payments were prohibited unless the payment is expressly 'Permitted' under the Act.
ARLA (The Association of Residential Lettings Agents) says that there has been a record number of rent increases reported by its members since the ban has come into effect.
Coupled with the plans to abolished Section 21s, people are fearful this will impact the rental sector further, meaning landlords will sell and rents will increase as there is an increased demand for rental properties.
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