The Tenant Fees Bill became an Act of Parliament on Tuesday after it was granted Royal Assent. The Act, which will take effect on 1 June 2019, cracks down on unexpected fees from landlords and letting agents. Some default fees set out in a rental contract will still be allowed in cases where a landlord has incurred costs, but hefty fines for breaching the Act will help deter potential fee exploitation.
“There’s a genuine positive buzz in the office and a great sense of teamwork,” a colleague recently commented to me.
This was great to hear, especially since we are in the 'January blues' period when Christmas has only just passed and this week has been the first full working week back in the office.
So, this got me thinking about my colleagues and the working environment we attempt to create to ensure that everyone feels supported, progresses in their career and can have a work life balance. For a small firm we actually have a very impressive list of why I think our firm is a great place to work.
We enter into contracts every day, perhaps without realising it! When we buy a coffee, shop online, finally decide to commit to that gym membership or sign a phone plan; contract law governs these common exchanges. A recent heavy fine issued by regulator Ofcom to telecom giants EE and Virgin media highlighted the importance of fairness in contracts – these companies had been excessively charging consumers for cancelling their contracts early, with the charges totalling over £7 million. It raises many questions around consumer rights and the complications that can arise when big companies try to pull the wool over the eyes of everyday consumers.