Tenant Fees Act - What does it mean?

Tenant Fees Act – What does it mean?

Posted: May 31, 2019

The long-awaited Tenant Fees Act will be introduced across England on 1st June 2019.

From June 1st, it will become illegal to charge a tenant a fee relating to their tenancy unless it is one of the seven areas listed here.

Deposits will be capped at a maximum of 5 weeks’ rent for properties let with an annual rental of up to £50,000, or 6 weeks’ rent for those at or above £50,000. Holding deposits will be capped at one week’s rent and payments to amend the tenancy agreement to £50.

The latest survey of English Housing indicates over half a million more households now privately rent compared to five years ago (MHCLG). Read the full guidance: https://www.gov.uk/government/publications/tenant-fees-act-2019-guidance

Katie Starkey

Autumn Property Market Update 2024

09/10/2024

As we step into autumn, the Dorset property market is experiencing some notable shifts compared with last year. If you’re looking to buy or sell, here’s a closer look at the latest trends and what they mean for you.