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Tenant Fees Ban: What Does This Mean for Renters? 

Tenant Fees Ban: What Does This Mean for Renters? 

 

From 1 June, landlords and letting agents will no longer be able to charge tenants letting fees, according to the government’s new Tenant Fees Act 2019. Prior to this new bill, you could be charged for anything from admin fees to credit checks, reference fees, guarantor fees, etc. when you signed a tenancy agreement.
This sounds like great news for tenants as high fees have long been a bane on many private renters’ lives and it all mounts up.

According to Letting Fees UK, the typical two-person household is charged £404 upfront in non-refundable fees and under the Tenant Fees Act, renters will save £190m in total in the first year alone. But this legislation has been in the works for some time as it was initially proposed on 23 November 2017 when the Chancellor of the Exchequer, Philip Hammond, announced it in his Autumn Statement to protect renters from excessive fees. Read More
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