CONSEQUENCES
There are a range of new fines for both landlords and agents who flout the rules. For example, landlords and agents who market properties to rent without signing up to join the new Private Rented Sector Landlord Ombudsman will face penalties of up to £7,000 for an initial breach and £40,000 or criminal prosecution for continuing or repeated breaches. A similar leve of fines face landlords who fail to join the new Private Rented Sector Database , which will require them to register details about themselves and their properties. There are other fines within the bill including up to £7,000 for landlords and agents who ‘overtly’ discriminate against tenants who have children or who are on benefits, and also landlords or agents who are caught encouraging competitive bidding for tenancies, and also who operate properties that do not meet the new Decent Homes Standard for the sector. Councils will be able to force landlords and agents to hand over information and give officers “powers of entry to business and residential premises”. Also, for the first time, local councils will also be able to issue civil penalties against landlords who evict their tenants illegally.
OTHER BENEFITS
NO FEES for Switching Agents For landlords transferring their properties from another agent, the management takeover is FREE. We will do all the work and liaise with the other agent to ensure a smooth transfer. Transferring from a scenario where the landlord self manages one or more of the properties onto the LetSimple service may incur a one off setup fee dependant upon the current level of compliance of the property or properties. ONE MONTHS NOTICE to Terminate* There is just a one months notice fee to terminate the service after an initial six months term. We believe that this shows that we trust in this service completely. * Notice to terminate cannot be given in the first six months of the LetSimple service. One months notice may then be given from the first day of the seventh month. FEE DISCOUNTS available for Property Portfolios Every property on the LetSimple service is assessed individually to reach an agreed fee structure. The number of properties that an individual landlord has on the LetSimple service is one of the factors that determines the fees payable.
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