End to some Tenancy Fees

The end to some tenancy fees is nigh, as of June 2019, the new Tenant Fees Act comes into effect in England – meaning most of the fees you currently pay will be abolished, and it’ll be illegal for landlords/letting agents to charge you.

From the 1st June 2019 in England, most of the fees you currently pay to rent a property are being scrapped. And better still – the amount of deposit you’ll have to find will be capped at a maximum of five weeks’ rent in advance.

Savings

If you sign a new tenancy (or renew your current one) after 1st June, the main fees that you can’t be asked to pay for:

• Referencing
• Credit and immigration checks
• Administration fees
• Renewing your contract

If you do get asked to pay for any of these, or disagree with the fees a landlord or letting agent charges you, report it right away – charging fees in England is going to become illegal, and landlords/agents will have to pay a penalty for breaking this law. If they do attempt to enforce these charges, you can get advice from Citizen’s Advice 

Staying

Some fees will remain including;

• The cost of replacing a key you’ve lost
• If you’re more than 14 days late paying your rent
• If you want to change your tenancy (i.e. replace a tenant), or bring it to an end early

Deposits

You’ll still pay a security deposit, but these will be capped– from 1st June, landlords/agents can only charge a maximum of five weeks’ rent in advance as a deposit.

 Holding deposits will still apply, but the amount of this will be limited to one week’s rent.

Your landlord will also have to return your holding deposit to you within 15 days of receiving it, or put towards your first month’s rent or security deposit.

Who does this apply to?

The new law will affect you if you’re a private tenant with an assured shorthold tenancy, you’re in student housing, or you’re a lodger with a live-in landlord.

If you’re already in a tenancy contract, the ban on fees won’t apply until you sign a new contract.

You can find more information on The Tenant Fees Act here.

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