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Council hands out £150,000 in fines to rogue letting agents

House-For-Rent-Home-700.jpgA London council has handed out £150,000 fines to 27 rogue letting and managing agents in a crackdown on those flouting tenant protection rules.

Tower Hamlets conducted checks on 401 letting agents and found that some individuals and organisations are not complying with legislation, which is in place to protect renters.

The legislation requires websites to clearly state if there are any fees associated with renting a property.

Other information that must be accessible includes whether an agent is registered with a Client Money Protection Scheme and if a renter’s deposit will be protected by a tenancy deposit scheme.

As a result of these investigations, the council has fined 27 letting and managing agents spread across Tower Hamlets for failing to comply. The fines issued range between £1,000 and £10,000.

Those who have been fined are required to immediately make adjustments to meet legislation requirements. The council will carry out further checks shortly to ensure this has been implemented.

Tower Hamlets Mayor John Biggs says: “We are committed to ensuring people wanting to live in our borough are not exploited by rogue letting agents or landlords.

“We will not tolerate individuals or organisations actively trying to mislead our residents.

“The majority of letting and managing agents in Tower Hamlets successfully help people to settle within our diverse and growing borough. It’s disappointing that a small number are acting dishonestly and misleading people looking for a new home.”

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