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Tenant Fees Act

Tenant Fees Act

Limits on Fees Charged to Tenants

The Tenants Fees Act 2019 means that from 1 June 2019 for all new tenancies and from 1 June 2020 for all existing tenancies, Landlords and agents will not be able to charge residential tenants for anything except:

  • rent
  • tenancy deposits
  • holding deposits

and cannot charge the cost of:

  • an inventory
  • carrying out credit
  • reference checks.

They can charge default fees, eg for late rent but this must be included in the tenancy agreement.

The maximum amount of the tenancy deposit will be capped at 5 weeks rent and for a holding deposit at 1 weeks rent.

Landlords face large fines and potentially a criminal offence if they breach these rules.

Conveyancing

How Kerseys Can Help

If you require advice about buying or selling a property or conveyancing please call Jane Riley, Head of our Residential Conveyancing Team.

Jane Riley

Jane Riley
Head Of Residential Conveyancing

01473 407122
[email protected]

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