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. …
But now property managers are introducing a fee to replace it, which will be charged to owners.
It has led landlords to warn that rents might rise to cover the cost.
Of course rents will rise to cover the cost. Once again the Government is surprised by unexpected consequences. This one though was easy to anticipate.