On 12 February 2019, the Tenant Fees Act was passed into law. Announced in the Autumn Statement on 23 November 2016, the ban on tenant fees was introduced to Parliament in May 2018 as the Tenant Fees Bill.
In January, the Housing Minister in the House of Lords, Lord Bourne of Aberystwyth made a statement revealing that from 1 June 2019, all new and renewed tenancies will come under the scope of the new ban. All existing tenancies will be brought under the new rules from 1 June 2020.
The Tenant Fees Act sets out the Government’s approach to banning letting fees for tenants. The key measures of the Act include:
Alongside rent and deposits, agents and landlords will only be permitted to charge tenants fees associated with:
As a fully regulated member of ARLA (Association of Residential Letting Agents) and an agent dedicated to providing the best service to all our customers, Centrick has put into place all the processes and procedures required to follow this new law to the letter, with one exception…
This means if you agree any tenancy moving forward with Centrick, you pay ZERO FEES, starting today 20th May 2019!
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