PHOTO: One North Island rental agency is suggesting rents should go up by $6 a week in response to the letting fees ban. Oxygen Property Management
A rental agency is suggesting landlords raise rents by $6 a week to recoup a fee they will charge when a ban on letting fees goes into effect.
The Government recently passed a law banning letting agencies and landlords from charging tenants “letting fees” at the start of their tenancies.
These fees – typically equal to one week’s rent – went towards the cost of advertising the property and vetting prospective tenants.
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