Tenants Fee Act 2019
On June 1st 2019, all hidden fees from landlords and agents to their tenants were brought to an end. This act has barred the majority of fees being charged and only permits payments defined in the legislation.
Where a tenancy agreement was entered into before 1st June 2019, landlords will still be able to charge fees until 31st May 2020. From 1st June 2020, the ban on fees will apply to all applicable tenancies.
You are permitted to ask a tenant to pay:
2. A refundable tenancy deposit - capped at 5 or 6 weeks rent
3. A refundable holding deposit - capped at one weeks rent
4. Payments to change the tenancy - capped at £50 or reasonable cost incurred
5.Payments associated with early termination of the tenancy
6. Payments in respect of Utilities, communication services, TV & Council Tax
7. Default fee for late payment of rent and replacement of a lost key/security device
All Residential Landlords will now need to ensure that their current practices regarding payments of holding deposits, inventory fees, and other in tenancy fees apply the the Act.
The ban applies to all assured shorthold tenancies, tenancies of student accomodation and licences to occupy housing in the private rented sector in England.