16^th Jun 2019

A landlord insurance company's latest research show that in all likelihood rents will increase over the next three months.

The survey found that virtually half (49%) of people that took part are certain that landlords will be increasing rents to compensate for the loss of revenues, in light of the Tenants Fees Act, which came into force on June 1st.

The research found that the age group between 25 and 34 years old believe the ban will have a negative impact on their pockets, which suggests that the government's attempt to financially help renters will end up with them having to pay more in the long term because of higher rents.

A spokesperson for the company Rose Jinks, said: “There has been a lot of talk within the property industry that landlords will increase rent prices as a result of the tenant fees ban, as they look to recoup potentially higher charges imposed by letting agents.

“It is clear that our respondents felt the same; rents will go up, causing the government’s efforts to make renting cheaper fall flat on its face.”

Even though most people don't believe that the banning of tenant fees will have a positive effect on renters however there are some plusses; 27% of those surveyed hope it will make the tenancy process quicker, 23% feel it will make interaction between landlords and lettings agent more efficient, whilst 22% believe it will cut down the number of administrative tasks tenants are having to take.

She added: “The tenant fees ban is just around the corner, but so many of those involved in the private rental sector are unaware of what the new law even means.
“We urge tenants, landlords and agents to get themselves up to date, and prepare for the changes where necessary – don’t get caught out.”


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