London Trading Standards (LTS) has published a stark reminder of the number of 'rogue' letting agents that continue to operate outside the law, particularly in the capital.
It is a legal requirement for agents to display their fees and charges and to be a member of a redress scheme for tenants. Over the last 15 months, LTS has handed out fines totalling in excess of £1.2m to agents that have failed to comply with these requirements.
According to its website, LTS expects these figures to increase further over the coming months with the introduction of the tenant fee ban and client money protection schemes in 2019.
Figures from LTS show that more than 46% of 1,922 agents inspected in the 15 months up to June 2019 by local council trading standards officers were non-compliant with either the Consumer Rights Act and/or the legislation on redress scheme membership.