Many commercial property sectors were hit hard by Covid-19 lockdowns with people working from home, and non-essential shops and leisure facilities closing. However, there were some winners – warehouses, DIY shops and convenience stores were amongst them.
While you were probably out enjoying the first day of summer on Saturday, the Tenant Fee Act 2019 (‘the Act’) came into force. The Act functions to crack down on unexpected fees from landlords and letting agents, and will impose hefty fines on anyone who fails to comply.
If you’re currently renting, or you’ve been thinking about entering into a tenancy agreement, you can breathe a sigh of relief. Some charges beyond your rent will still apply, but a lot more financial protections are now in place for tenants. Below QualitySolicitors looks at who is affected, what exactly the Act means, and what further implications there are for end of tenancy evictions.
The Secretary of State for Housing, Communities and Local Government, James Brokenshire, has proposed introducing longer tenancies for private renters. If the plan, which was tabled in July this year, is put into action it would mean landlords and tenants may have to commit to a minimum three-year residential tenancy term in place of the current six to 12 month tenancy agreements.