No plans to scrap letting agent fees

Thursday, 2 March 2017 00:00

There are no plans to cap the fees and costs imposed by letting agents on the Isle of Man.

That's the message from the Department of Environment, Food and Agriculture which has responsibility for the Office of Fair Trading.

Questions were raised in the House of Keys this week as to whether the Island will follow Scotland and eradicate the fees generated when a landlord and tenant are brought together:

Minister Geoffrey Boot confirmed the OFT is launching a public consultation with a view to updating the Estate Agents Act 1975 - he says a range of areas will be looked at:

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