PHOTO: JIM RICE/STUFF – Property managers said the fee covered the cost of finding a new tenant.

Letting fees are back, now being levied on investors rather than tenants.

A law change was passed at the start of this month to ban the fees, which are usually equal to a week’s rent plus GST.

The ban comes into effect on December 12.

Housing and Urban Development Minister Phil Twyford said it would save tenants millions of dollars.

But now property managers are introducing a fee to replace it, which will be charged to owners.



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