PART 3Miscellaneous and General
CHAPTER 3Duty of letting agents to publicise fees etc
I1I2I383Duty of letting agents to publicise fees etc
1
A letting agent must, in accordance with this section, publicise details of the agent's relevant fees.
2
The agent must display a list of the fees—
a
at each of the agent's premises at which the agent deals face-to-face with persons using or proposing to use services to which the fees relate, and
b
at a place in each of those premises at which the list is likely to be seen by such persons.
3
The agent must publish a list of the fees on the agent's website (if it has a website).
4
A list of fees displayed or published in accordance with subsection (2) or (3) must include—
a
a description of each fee that is sufficient to enable a person who is liable to pay it to understand the service or cost that is covered by the fee or the purpose for which it is imposed (as the case may be),
b
in the case of a fee which tenants are liable to pay, an indication of whether the fee relates to each dwelling-house or each tenant under a tenancy of the dwelling-house, and
c
the amount of each fee inclusive of any applicable tax or, where the amount of a fee cannot reasonably be determined in advance, a description of how that fee is calculated.
5
Subsections (6) and (7) apply to a letting agent engaging in letting agency or property management work in relation to dwelling-houses in England.
6
If the agent holds money on behalf of persons to whom the agent provides services as part of that work, the duty imposed on the agent by subsection (2) or (3) includes a duty to display or publish, with the list of fees, a statement of whether the agent is a member of a client money protection scheme.
7
If the agent is required to be a member of a redress scheme for dealing with complaints in connection with that work, the duty imposed on the agent by subsection (2) or (3) includes a duty to display or publish, with the list of fees, a statement—
a
that indicates that the agent is a member of a redress scheme, and
b
that gives the name of the scheme.
8
The appropriate national authority may by regulations specify—
a
other ways in which a letting agent must publicise details of the relevant fees charged by the agent or (where applicable) a statement within subsection (6) or (7);
b
the details that must be given of fees publicised in that way.
9
In this section—
“client money protection scheme” means a scheme which enables a person on whose behalf a letting agent holds money to be compensated if all or part of that money is not repaid to that person in circumstances where the scheme applies;
“redress scheme” means a redress scheme for which provision is made by order under section 83 or 84 of the Enterprise and Regulatory Reform Act 2013.