{"id":5993,"date":"2019-10-10T14:46:24","date_gmt":"2019-10-10T14:46:24","guid":{"rendered":"https:\/\/www.riaabarkergillette.com\/uk\/?p=5993"},"modified":"2024-11-19T18:53:25","modified_gmt":"2024-11-19T18:53:25","slug":"how-will-the-new-tenant-fees-act-2019-affect-you","status":"publish","type":"post","link":"https:\/\/www.riaabarkergillette.com\/uk\/how-will-the-new-tenant-fees-act-2019-affect-you\/","title":{"rendered":"The New Tenant Fees Act 2019: How will it affect you?"},"content":{"rendered":"\n

The new Tenant Fees Act 2019<\/a> is relevant not just for landlords and tenants but for agencies that, to date, have made a very nice little living out of charging tenancy fees and administration costs for rentals. These fees have affected both tenants and landlords, who have had to fork out hundreds of pounds in fees and agency costs.<\/p>\n\n\n\n

Under the new Act, all tenant payments are banned by default unless the Act specifically makes allowances for them. So, tenants and landlords won\u2019t have to pay fees, for example, for gathering references or taking inventories. The Act also limits the amount asked for as a deposit to a maximum of five weeks\u2019 rental value and limits holding deposits to one week\u2019s rent.<\/p>\n\n\n\n

The Act does not affect existing tenancies entered prior to 1 June 2019, where fees can still be charged until 31 May 2020.<\/p>\n\n\n\n

What\u2019s listed in the new Act?<\/h4>\n\n\n\n

The new Act limits tenants from being charged anything other than the rent, the tenancy deposit, and, where applicable, a holding deposit. However, certain fees are still included and kick in if the tenancy agreement is broken.<\/p>\n\n\n\n

Two out of the three fees are classed as \u2018default\u2019 fees. The third is applicable for contract amendments. Landlords will need to include notification of these fees in tenancy agreements. They are:<\/p>\n\n\n\n