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Tenant Fees Act 2019 (England) | What does this mean?...

As of the 1 June 2019, Landlord’s, but more importantly Lettings Agents, will be unable to charge “administrative fees” to tenants for the preparation of a tenancy agreement.

The Tenant Fees Act 2019 will have a considerable impact on the private rented sector. For some, this will lead to significant losses as these fees make up a large percentage of their business plan. As may appear obvious, Agents are likely to resort to one of three things:

  • Recharging the lost revenue to the Landlord by increasing their management fees;
  • Increasing the rent payable by the Tenant; or
  • Entering the Tenant into a “no-deposit scheme” which ultimately may mean the tenant pays for more over the course of their tenancy, but also means the Tenant is still liable for any future damage claims at the end of the tenancy.

If you are a landlord or tenant and want to know how you are likely to be affected by the changes, please contact us for further information.


Article by: James Williams 

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