The Tenant Fees Act 2019 bans most letting fees and caps tenancy deposits paid by tenants in the private rented sector in England.
The ban on tenant fees applies to new or renewed tenancy agreements (new fixed term contracts) signed on or after 1 June 2019.
The government guidance on the Act for tenants, landlords and letting agents helps explain this legislation in detail.
The aim of the Act is to reduce the ‘up-front’ costs that tenants can face at the outset of a tenancy. Tenants must be able to see, at a glance, what a given property will cost them in the advertised rent with no hidden costs.
From 1 June 2019, the only payments that landlords or letting agents can charge to tenants in relation to new contracts are:
In addition, there are transitional arrangements to the 31/5/2020, for tenancies commencing before the 1/6/2019. If you are not sure how this legislation will affect you or would like to have a no obligation chat with our experienced Lettings team to understand your situation further please get in touch to arrange a call or face to face meeting.