Our new website launches today due to our rebrand!
And over the weekend the tenant fee ban officially came into force. It has been suggested that many landlords and tenants do not know the implications of the ban.
It also hasn't been helped by the government not releasing the necessary paperwork until right at the last minute including the updated How to Rent Guide.
There has been reports in the news today that no fault evictions (section 21) are to be banned.
This is already the case in Scotland and is said to be introduced in England and Wales to give greater long term certainty to tenants. Under the government's new plans, landlords would have to provide a "concrete, evidenced reason already specified in law" in order to bring tenancies to an end.
We will update on this story when more details have been released.
The tenant fee ban is just around the corner, coming into effect from the 1st June 2019. It has been suggested that this will lead to an increase in rents for tenants and in the fees that agents charge to landlords. As we already DO NOT charge tenant fees we can guarantee that our landlord charges WILL NOT increase due to the tenant fee ban.
From the details that have been released so far the following are the only charges that tenants will be allowed to be charged:
A refundable tenancy deposit capped at no more than 5 weeks rent where the annual rent is less than £50,000
A refundable holding deposit (to reserve a property) capped at one weeks rent
Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
Payments associated with early termination of the tenancy when requested by the tenant
Payments in respect of utilities, communication services, TV licence and council tax
A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement