TPFG has issued a trading update, confirming the financial effects of the tenant fee ban are expected to be overcome six months earlier than previous expectations, now by June 2020. We consider this an impressive achievement given the tenant fee ban's high margin nature, whilst it also evidences the value that TPFG franchisees are bringing to landlords, such that they are willing to absorb higher charges to retain their services.
20 Nov 2019
Cenkos: The Property Franchise Group -- Tenant fee ban fully mitigated by June 2020

