The Ban on Letting Agent Fees

Live from the Propertymark Roadshow, Exeter

Join us on May 30th, the eve of the introduction of the Tenant Fees Act.

We’ll be broadcasting live from the Propertymark’s roadshow as industry experts give you the tools you need to comply with the new laws.

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09:30 – 10:30 Tenant Fee Ban Update
With news that the Tenant Fees Act will be coming into force on 1 June 2019, David Cox, Chief Executive of ARLA Propertymark will be going through the detail of the Act and what it could mean for your business.

10:30 – 11:15 Business ideas to combat the ban
John Paul owns the successful Castledene Group of companies based in the North East of England. The 7 branch network manages over 2000 properties and employs over 50 staff. John’s company won the Sunday Times letting agency of the year in 2014 and a year later he was awarded the outstanding contribution to lettings award.

Within 24 hours of the tenant fee ban being announced John and his team had implemented a strategy that saw his company’s dependence on tenant fees drop from 14.4% of turnover to its current rate of 4% and by June it will be around 2.5% of turnover.

John will be explaining in great detail exactly how he achieved this.

11:15 – 11:30 Break in broadcast

11:30 – 12:15 Update on all things residential
NAEA Chief Executive, Mark Hayward will be giving a current update on HMRC guidance & other legislative changes.

12:30 – 13:00 Questions & Answers