- Posted by Luscombe & Co in blog
- No Comments
It’s worth noting the law has just changed on this. A year ago, the English Government introduced a ban on tenant fees on all new tenancies.
As part of this legislation, a one-year transition period covering pre-existing tenancies was granted.
This period has now finished meaning that tenant fees – regardless of when the contract was signed – cannot be charged.❌
Fees that fall into this category include charges for renewing a tenancy agreement, guarantor requests or credit checks.
If you have a tenancy agreement that pre-dates June 2019, contact us 📞 for advice to ensure you’re doing the right thing.
Breach the law, and you face a £5,000 fine for a first offence. Get caught again within five years, and it’s a criminal offence 👮♂️ and an unlimited fine. 💷
We are all about keeping our landlords on the right side of the regulatory fence, so if you have any questions whatsoever get in touch today.
#StayingCompliant #LandlordUpdate #HereToHelp