The Tenant Fees Act will apply to new tenancies in June 2019
Did you know that on the 1st June, the laws around what tenants can be charged for when starting new tenancies changed?
The Tenant Fee Act will apply to new tenancies, meaning that landlords and letting agents won’t be able to charge for a range of admin fees that they previously had and has capped tenancy deposits to five weeks!
This is a significant change and means that tenants will, on average, save a couple of hundred pounds in fees when starting new tenancies.
Rightmove's property expert Miles Shipside said: "The upcoming tenant fee ban should spell some good news for tenants and it may lead to more people being able to move more often if they want to, thanks to the reduction in the cost of moving."
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