‘No let­ting fees’ ads ap­pear

The Timaru Herald - - BUSINESS -

Prop­erty man­agers ap­pear to have al­ready ad­justed to next week’s ban on let­ting fees, by ad­ver­tis­ing rental homes as hav­ing ‘‘no let­ting fees’’. A ban on let­ting fees comes into force on De­cem­ber 12. One agent said ten­ants needed to know that they didn’t have to wait for the ban and po­ten­tially miss out. Hous­ing Min­is­ter Phil Twyford be­lieves the ban will pre­vent the han­dover of up to $47 mil­lion in pay­ments that he said had ‘‘no eco­nomic ra­tio­nale’’.

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