Property News: Impact of abolishing tenants’ fees
Tenants will be delighted at the announcement last week that administrative fees to tenants are to be banned, effective immediately. Whether costs to landlord might increase as a result is yet to be seen. Our view is that anything that can be done to improve transparency in our business has got to be positive. Flushing out the less scrupulous of our industry is what all good agents want to see happen. For tenants worried that this policy will result in an increase in rents, fear not, we can’t see this happening. We think that the industry is going to innovate around this to the benefit of tenants and landlords.
We are looking forward with anticipation to the completion of Heritage Lane (a.k.a. West Hampstead Square). We are reliably informed that the first two blocks will complete in late January and have been approached by landlords looking to let flats in these blocks. Having had a number of tours of the scheme, we love the specification, especially the unusual choice of brass fixtures and fittings as opposed to the normal chrome. A heritage finish for Heritage Lane, so to speak.
We are also agents on the commercial units at Heritage Lane and have seen huge demand from local businesses and healthcare practitioners for space. To compliment west Hampstead’s new M&S, due to open early next year, we are excited to add more to West End Lane’s growing commercial offerings. We recently secured Gails and soon look forward to announcing another ‘tasty’ addition to the high street….
Dutch & Dutch
174 West End Lane
020 7794 0075