An important update on tenant fees

A year ago, the 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, please 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 please do get in touch for a chat with our lettings team.

Let & Managed

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