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Renting a property doesn’t have to be a stressful affair if you are in good hands. Here we provide you with key pointers to get you well on your way.

Whether this is your first move or one of many, our aim is to make it as straightforward and trouble free as possible.

Rental properties can be snapped up as quickly as they come on the market, therefore, we will help you draw up your specific requirements so that we can match you immediately to available properties that come onto the market.

The Tenant Fees Act 2019 made some important changes to what types of fees you can be charged when renting.

Description

With the introduction of the Tenant Fees Act 2019, there are new restrictions on the types of fees that property owners can charge when renting out a residential property. This act will affect new tenancies and renewals of tenancies after 1st June 2019.

Property owners may still request tenants pay the following types of fees:

  • Rent
  • Refundable deposits capped at five to six weeks’ rent (depending on the yearly rent totals
  • Refundable holding deposits capped at one week’s rent
  • Payments for early termination of tenancy (when requested by the tenant
  • Payments for utilities, communication services, TV licence and Council Tax
  • Default fees for late rent payments
  • Default fees for lost keys or secure entry devices

New requests for other types of payments such as fees for applications, arranging the viewing, or doing reference checks are now unlawful if charged after 1st June 2019. However, if other types of fees were listed within a contract signed prior to 1st June 2019, then these fees can still be charged up until 31st May 2020, or until the contract is renewed. 

Note: These rules only apply to residential properties. Commercial properties for rent are not covered by the Tenant Fees Act 2019.