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Landlords - An Important Update on Tenant Fees

Landlords – An Important Update on Tenant Fees

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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

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