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What's changed in lettings during the last 12 months

As we approach the end of 2014, our Hertfordshire letting agents are looking back at 12 months that heralded change within the lettings industry. It's important to be aware of what has altered, especially if you're looking for property to rent in Hertfordshire. Below is Winkworth's round-up of lettings news for Hertfordshire. Mandatory redress scheme membership - all Hertfordshire letting agents must now belong to one of three approved redress scheme - provided by The Property Ombudsman, Ombudsman Services: Property and the Property Redress Scheme. Winkworth was already a member of the Ombudsman Services before the 1st October deadline, giving tenants complete peace of mind that they had access to an independent third party should there be any need for complaint. Any Hertfordshire letting agents who are not signed up to one of the redress schemes could be issued with a fine. Displaying tenant fees - all Hertfordshire letting agents, including Winkworth, are obliged to clearly display on property adverts all compulsory fees chargeable to tenants, under a new ruling introduced by the Advertising Standards Authority in March 2014. Failure to now do so means an agent would in breach of advertising rules. It is acceptable, however, for Hertfordshire letting agents to make all the fees freely available elsewhere if space is restricted on a property listing - this could mean displayed on another part of its website, in branch or on accompanying printed literature. The essence is to display all fees that apply upfront, with no hidden costs for the tenant. Lettings market in Hertfordshire - according to property search portal home.co.uk, the average rent in Hertfordshire is £1,463 per calendar month. This is compared to an average rent of £863 per month for properties in the south east of England, according to Zoopla in the third quarter of 2014. Properties to rent in Hertfordshire with a per calendar month rent of between £1,000 and £2,000 are the most common, with slightly more houses available than flats, claim home.co.uk. Winkworth has a number of lettings departments across the county, and our staff would be delighted to help if you are looking at houses or flats to rent in Hertfordshire. You can also contact us or drop in to your local branch for more details about the changes to the lettings industry and how they may affect you as a tenant or landlord.

As we approach the end of 2014, our Hertfordshire letting agents are looking back at 12 months that heralded change within the lettings industry. It's important to be aware of what has altered, especially if you're looking for property to rent in Hertfordshire.

Below is Winkworth's round-up of lettings news for Hertfordshire.

Mandatory redress scheme membership - all Hertfordshire letting agents must now belong to one of three approved redress scheme - provided by The Property Ombudsman, Ombudsman Services: Property and the Property Redress Scheme. Winkworth was already a member of the Ombudsman Services before the 1st October deadline, giving tenants complete peace of mind that they had access to an independent third party should there be any need for complaint. Any Hertfordshire letting agents who are not signed up to one of the redress schemes could be issued with a fine.

Displaying tenant fees - all Hertfordshire letting agents, including Winkworth, are obliged to clearly display on property adverts all compulsory fees chargeable to tenants, under a new ruling introduced by the Advertising Standards Authority in March 2014. Failure to now do so means an agent would in breach of advertising rules. It is acceptable, however, for Hertfordshire letting agents to make all the fees freely available elsewhere if space is restricted on a property listing - this could mean displayed on another part of its website, in branch or on accompanying printed literature. The essence is to display all fees that apply upfront, with no hidden costs for the tenant.

Lettings market in Hertfordshire - according to property search portal home.co.uk, the average rent in Hertfordshire is £1,463 per calendar month. This is compared to an average rent of £863 per month for properties in the south east of England, according to Zoopla in the third quarter of 2014. Properties to rent in Hertfordshire with a per calendar month rent of between £1,000 and £2,000 are the most common, with slightly more houses available than flats, claim home.co.uk.

Winkworth has a number of lettings departments across the county, and our staff would be delighted to help if you are looking at houses or flats to rent in Hertfordshire. You can also contact us or drop in to your local branch for more details about the changes to the lettings industry and how they may affect you as a tenant or landlord.

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