PHOTO: BRADEN FASTIER/STUFF Tenants will no longer be charged a fee for signing up to a new tenancy.
Government claims that a letting fee ban will not lead to higher rents are short-sighted, one economist says.
As of Wednesday, property managers can no longer charge tenants a letting fee – which has usually been equal to a week’s rent, plus GST, when they sign up for a new property.
Others have increased the weekly commission they charge.
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